Brilliance China Automotive Holdings Ltd (OTCMKTS:BCAUF) Sees Large Drop in Short Interest

Brilliance China Automotive Holdings Ltd (OTCMKTS:BCAUF) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 4,105,271 shares, a decline of 64.1% from the April 15th total of 11,420,329 shares. Based on an average trading volume of 986 shares, the short-interest ratio is presently 4,163.6 days.

Brilliance China Automotive Stock Performance

BCAUF remained flat at $0.37 during midday trading on Thursday. The company’s fifty day simple moving average is $0.45 and its two-hundred day simple moving average is $0.48. Brilliance China Automotive has a 12-month low of $0.34 and a 12-month high of $0.56.

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.