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

China Automotive Systems, Inc. (NASDAQ:CAAS) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 35,165 shares, an increase of 56.2% from the November 30th total of 22,520 shares. Based on an average daily volume of 25,508 shares, the short-interest ratio is presently 1.4 days. Currently, 0.3% of the shares of the company are sold short. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 25,508 shares, the short-interest ratio is presently 1.4 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of China Automotive Systems in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, China Automotive Systems currently has a consensus rating of “Hold”.

China Automotive Systems Trading Down 0.2%

CAAS opened at $4.18 on Tuesday. The company has a 50 day moving average of $4.23 and a 200 day moving average of $4.28. The company has a market cap of $126.11 million, a PE ratio of 3.77 and a beta of 0.86. China Automotive Systems has a 12 month low of $3.50 and a 12 month high of $5.37.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Bridgeway Capital Management LLC grew its holdings in 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 valued at $1,229,000 after buying an additional 8,547 shares in the last quarter. Empowered Funds LLC grew its stake in 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 in the last quarter. Citadel Advisors LLC purchased a new position in China Automotive Systems during the third quarter valued at approximately $213,000. Finally, Virtu Financial LLC bought a new stake in China Automotive Systems during the 3rd quarter worth approximately $86,000. Institutional investors own 5.17% of the company’s stock.

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.