Short Interest in Brilliance China Automotive Holdings Ltd (OTCMKTS:BCAUF) Increases By 313.0%

Brilliance China Automotive Holdings Ltd (OTCMKTS:BCAUF) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 3,458,027 shares, a growth of 313.0% from the August 15th total of 837,255 shares. Based on an average daily trading volume, of 833 shares, the days-to-cover ratio is currently 4,151.3 days.

Brilliance China Automotive Stock Performance

Shares of OTCMKTS:BCAUF opened at $0.26 on Friday. The business has a 50 day moving average price of $0.27 and a 200 day moving average price of $0.36. Brilliance China Automotive has a twelve month low of $0.21 and a twelve month high of $0.56.

Analyst Upgrades and Downgrades

Separately, Citigroup downgraded shares of Brilliance China Automotive to a “neutral” rating in a report on Tuesday, August 25th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Brilliance China Automotive has a consensus rating of “Hold”.

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.