Brilliance China Automotive Holdings Ltd (OTCMKTS:BCAUF) Short Interest Update

Brilliance China Automotive Holdings Ltd (OTCMKTS:BCAUF) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 600,030 shares, a growth of 132.8% from the May 14th total of 257,708 shares. Based on an average trading volume of 5,013 shares, the short-interest ratio is presently 119.7 days.

Brilliance China Automotive Price Performance

Shares of OTCMKTS:BCAUF opened at $0.34 on Friday. The business’s 50-day moving average is $0.39 and its 200-day moving average is $0.47. Brilliance China Automotive has a 1 year low of $0.32 and a 1 year 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.