What Will Happen to BRILLIANCE CHINA AUT (OTCMKTS:BCAUF) Next? The Stock Has Decline in Shorts

December 8, 2017 - By Dolores Ford

The stock of BRILLIANCE CHINA AUT (OTCMKTS:BCAUF) registered a decrease of 5.35% in short interest. BCAUF’s total short interest was 11.91 million shares in December as published by FINRA. Its down 5.35% from 12.58M shares, reported previously. With 1,500 shares average volume, it will take short sellers 7938 days to cover their BCAUF’s short positions.

It closed at $2.47 lastly. It is down 0.00% since December 8, 2016 and is . It has underperformed by 16.70% the S&P500.

Brilliance China Automotive Holdings Limited, an investment holding company, makes and sells minibuses and automotive components in the PeopleÂ’s Republic of China. The company has market cap of $12.44 billion. The firm offers its minibuses under the JinBei and Granse brands. It has a 24.46 P/E ratio. It also provides automotive parts and components, including mouldings, seats, axles, safety and airbag systems, interior decoration items, and engines for minibuses, sedans, SUVs, light duty trucks, etc.

More recent Brilliance China Automotive Holdings Ltd. (OTCMKTS:BCAUF) news were published by: Reuters.com which released: “BMW-Brilliance China vehicle sales to rise 20 pct in 2017 – Brilliance chairman” on March 24, 2017. Also Reuters.com published the news titled: “UPDATE 1-Brilliance China issues profit warning as slowing economy hits BMW sales” on July 13, 2015. Bloomberg.com‘s news article titled: “Ghosn Boosts Renault China Ties With Brilliance Van Venture” with publication date: July 05, 2017 was also an interesting one.

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