Cbak Energy Tech Incorporated (NASDAQ:CBAK) Sellers Covered 8.6% of Their Shorts

January 14, 2018 - By Louis Casey

 Cbak Energy Tech Incorporated (NASDAQ:CBAK) Sellers Covered 8.6% of Their Shorts

The stock of Cbak Energy Tech Incorporated (NASDAQ:CBAK) registered a decrease of 8.6% in short interest. CBAK’s total short interest was 180,600 shares in January as published by FINRA. Its down 8.6% from 197,600 shares, reported previously. With 80,500 shares average volume, it will take short sellers 2 days to cover their CBAK’s short positions. The short interest to Cbak Energy Tech Incorporated’s float is 1.11%.

The stock increased 6.67% or $0.1 during the last trading session, reaching $1.6. About 78,487 shares traded or 10.74% up from the average. CBAK Energy Technology, Inc. (NASDAQ:CBAK) has declined 48.67% since January 14, 2017 and is downtrending. It has underperformed by 65.37% the S&P500.

CBAK Energy Technology, Inc., through its subsidiaries, develops, makes, and sells energy high power lithium batteries in the PeopleÂ’s Republic of China, Europe, South Korea, and Israel. The company has market cap of $41.96 million. The Company’s products are used in various applications, including electric vehicles, such as electric cars, electric buses, and hybrid electric cars and buses; light electric vehicles that include electric bicycles, electric motors, and sight-seeing cars; and electric tools, energy storage, uninterruptible power supply, and other high power applications, as well as cordless power tools. It currently has negative earnings. The firm was formerly known as China BAK Battery, Inc. and changed its name to CBAK Energy Technology, Inc. in January 2017.

More news for CBAK Energy Technology, Inc. (NASDAQ:CBAK) were recently published by: Quotes.Wsj.com, which released: “CBAK Energy Technology Inc.” on February 12, 2011. Prnewswire.com‘s article titled: “China BAK Battery, Inc. Announces Company Name Change to CBAK Energy …” and published on January 13, 2017 is yet another important article.

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