Short Interest in Brilliance China Automotive Holdings Ltd (OTCMKTS:BCAUF) Expands By 102.1%

Brilliance China Automotive Holdings Ltd (OTCMKTS:BCAUF) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 1,212,580 shares, an increase of 102.1% from the May 31st total of 600,030 shares. Based on an average daily volume of 455 shares, the short-interest ratio is currently 2,665.0 days.

Brilliance China Automotive Stock Performance

Shares of Brilliance China Automotive stock opened at $0.28 on Wednesday. Brilliance China Automotive has a 1 year low of $0.28 and a 1 year high of $0.56. The business has a 50 day moving average price of $0.35 and a 200 day moving average price of $0.45.

Brilliance China Automotive Holdings Ltd. is a leading Chinese automotive manufacturer headquartered in Shenyang, Liaoning Province. Established in 1992, the company is engaged in the design, development, production and sale of passenger vehicles and commercial vehicles. Through strategic alliances and proprietary research, Brilliance China Automotive offers a diverse portfolio of sedans, multi-purpose vehicles (MPVs), light trucks and buses, catering to a wide range of customers in both private and commercial sectors.

A cornerstone of Brilliance China Automotive’s operations is its joint venture with BMW, formed in 2003.