China Automotive Systems, Inc. (NASDAQ:CAAS) Short Interest Update

China Automotive Systems, Inc. (NASDAQ:CAAS) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 44,054 shares, a growth of 88.4% from the December 31st total of 23,381 shares. Based on an average trading volume of 33,821 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.4% of the company’s stock are sold short. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 33,821 shares, the days-to-cover ratio is presently 1.3 days.

China Automotive Systems Stock Performance

Shares of CAAS traded down $0.11 during mid-day trading on Friday, hitting $4.43. The company’s stock had a trading volume of 24,444 shares, compared to its average volume of 23,872. The stock’s 50-day moving average is $4.37 and its two-hundred day moving average is $4.34. The firm has a market capitalization of $133.66 million, a PE ratio of 3.99 and a beta of 0.96. China Automotive Systems has a one year low of $3.50 and a one year high of $5.37.

China Automotive Systems (NASDAQ:CAAS) last posted its quarterly earnings results on Wednesday, November 12th. The auto parts company reported $0.32 EPS for the quarter. China Automotive Systems had a return on equity of 8.38% and a net margin of 4.62%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CAAS. Empowered Funds LLC lifted its holdings in shares of China Automotive Systems by 8.6% during the first quarter. Empowered Funds LLC now owns 156,258 shares of the auto parts company’s stock valued at $691,000 after acquiring an additional 12,402 shares during the period. Bridgeway Capital Management LLC increased its position in shares of China Automotive Systems by 2.9% during the 2nd quarter. Bridgeway Capital Management LLC now owns 301,155 shares of the auto parts company’s stock worth $1,229,000 after purchasing an additional 8,547 shares in the last quarter. Virtu Financial LLC bought a new position in China Automotive Systems during the 3rd quarter valued at about $86,000. Finally, Citadel Advisors LLC acquired a new position in China Automotive Systems in the third quarter valued at about $213,000. 5.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of China Automotive Systems in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, China Automotive Systems presently has an average rating of “Hold”.

About China Automotive Systems

China Automotive Systems, Inc (NASDAQ: CAAS) is a leading designer, manufacturer and marketer of power steering systems and related components primarily for the automotive industry in China. The company’s core business centers on hydraulic and electric power steering products, steering columns, steering gearboxes and electronic control units. By integrating research and development, manufacturing and sales, China Automotive Systems aims to deliver high-quality steering solutions that meet the performance and safety requirements of global automakers.

The company’s product portfolio includes traditional hydraulic power steering systems, which have long been favored for their reliability, as well as advanced electric power steering units that offer improved fuel efficiency and enhanced vehicle control.