Brilliance China Automotive Holdings Ltd (OTCMKTS:BCAUF) Sees Significant Decrease in Short Interest

Brilliance China Automotive Holdings Ltd (OTCMKTS:BCAUF) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 257,708 shares, a decline of 93.7% from the April 30th total of 4,105,271 shares. Based on an average daily volume of 2,000 shares, the days-to-cover ratio is currently 128.9 days.

Brilliance China Automotive Price Performance

OTCMKTS:BCAUF opened at $0.34 on Friday. Brilliance China Automotive has a twelve month low of $0.32 and a twelve month high of $0.56. The stock’s 50 day moving average price is $0.42 and its two-hundred day moving average price is $0.48.

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.