China BAK Battery, Inc. (NASDAQ:CBAT) Short Interest Update

China BAK Battery, Inc. (NASDAQ:CBAT) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 328,412 shares, an increase of 133.2% from the January 29th total of 140,849 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 195,398 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily trading volume, of 195,398 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Investors Weigh In On China BAK Battery

A hedge fund recently raised its stake in China BAK Battery stock. Empowered Funds LLC raised its position in China BAK Battery, Inc. (NASDAQ:CBAT) by 8.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 355,536 shares of the electronics maker’s stock after purchasing an additional 28,411 shares during the quarter. Empowered Funds LLC owned 0.40% of China BAK Battery worth $283,000 at the end of the most recent quarter. 1.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of China BAK Battery in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

China BAK Battery Trading Down 1.9%

NASDAQ CBAT opened at $1.01 on Friday. The company has a 50-day moving average of $0.88 and a 200-day moving average of $0.91. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.69 and a quick ratio of 0.54. China BAK Battery has a 12 month low of $0.57 and a 12 month high of $1.25. The company has a market cap of $89.53 million, a P/E ratio of -14.43 and a beta of 1.30.

China BAK Battery Company Profile

China BAK Battery Inc (NASDAQ: CBAT) is a China-based developer and manufacturer of rechargeable lithium-ion batteries and related power solutions. The company’s core product lines include small, medium and large format batteries, battery modules and pack assemblies designed for consumer electronics, electric vehicles, energy storage systems and other industrial applications. China BAK Battery offers polymer lithium-ion cells, prismatic and cylindrical cells, as well as integrated battery systems tailored to meet the performance requirements of its clients.

Founded in 2001 and headquartered in Shenzhen, China BAK Battery has expanded its manufacturing footprint and research and development capabilities over the years to serve customers across Asia, Europe and North America.