The stock of Bitauto Holdings Limited (NYSE:BITA) registered an increase of 22.17% in short interest. BITA’s total short interest was 1.25 million shares in March as published by FINRA. Its up 22.17% from 1.03 million shares, reported previously. With 490,200 shares average volume, it will take short sellers 3 days to cover their BITA’s short positions. The short interest to Bitauto Holdings Limited’s float is 5.52%. The stock is down 0.10% or $0.02 after the news, hitting $21.59 per share. About 456,031 shares traded hands. Bitauto Hldg Ltd (ADR) (NYSE:BITA) has declined 46.39% since July 27, 2015 and is downtrending. It has underperformed by 42.07% the S&P500.
Bitauto Holdings Limited is a well-known provider of Internet content and marketing services for China’s automotive industry. The company has a market cap of $1.43 billion. The Company’s bitauto.com and taoche.com Websites provide clients with information on new and used automobile pricing, and promotional information, specifications, reviews and consumer feedback. It has 203.94 P/E ratio. Bitauto operates through three divisions: the advertising business, the EP platform business and its digital marketing solutions business.
Out of 9 analysts covering Bitauto Holdings (NYSE:BITA), 5 rate it “Buy”, 1 “Sell”, while 4 “Hold”. This means 50% are positive. Bitauto Holdings was the topic in 8 analyst reports since October 29, 2015 according to StockzIntelligence Inc.
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