CBAK Power Expertise, Inc. (NASDAQ:CBAT) Quick Curiosity Down 8.1% in September

CBAK Power Expertise, Inc. (NASDAQ:CBAT – Get Ranking) noticed a big lower in brief curiosity in the course of the month of September. As of September 15th, there was brief curiosity totalling 2,620,000 shares, a lower of 8.1% from the August 31st whole of two,850,000 shares. Primarily based on a mean every day buying and selling quantity, of 343,900 shares, the short-interest ratio is at the moment 7.6 days. At present, 4.9% of the corporate’s inventory are brief bought.

Hedge Funds Weigh In On CBAK Power Expertise

Giant buyers have just lately modified their holdings of the enterprise. Ergoteles LLC acquired a brand new place in shares of CBAK Power Expertise in the course of the 1st quarter price about $29,000. Spire Wealth Administration acquired a brand new place in shares of CBAK Power Expertise in the course of the 2nd quarter price about $47,000. UBS Group AG boosted its stake in shares of CBAK Power Expertise by 257.7% in the course of the 2nd quarter. UBS Group AG now owns 69,346 shares of the electronics maker’s inventory price $74,000 after shopping for a further 49,962 shares over the past quarter. Jane Road Group LLC boosted its stake in shares of CBAK Power Expertise by 31.8% in the course of the 1st quarter. Jane Road Group LLC now owns 79,432 shares of the electronics maker’s inventory price $102,000 after shopping for a further 19,149 shares over the past quarter. Lastly, Goldman Sachs Group Inc. lifted its stake in CBAK Power Expertise by 94.8% within the 1st quarter. Goldman Sachs Group Inc. now owns 91,519 shares of the electronics maker’s inventory valued at $117,000 after buying a further 44,529 shares over the past quarter. 2.84% of the inventory is at the moment owned by institutional buyers and hedge funds.

CBAK Power Expertise Buying and selling Up 0.9 %

Shares of CBAK Power Expertise inventory traded up $0.01 throughout buying and selling hours on Friday, reaching $1.15. 110,521 shares of the corporate’s inventory have been exchanged, in comparison with its common quantity of 216,658. The corporate has a 50 day shifting common of $1.32 and a two-hundred day shifting common of $1.22. CBAK Power Expertise has a fifty-two week low of $0.92 and a fifty-two week excessive of $3.57. The inventory has a market cap of $102.34 million, a P/E ratio of three.38 and a beta of two.76.

About CBAK Power Expertise

(Get Ranking)

CBAK Power Expertise, Inc, along with its subsidiaries, develops, manufactures, and sells lithium batteries in Mainland China, america, Korea, Europe, and internationally. Its merchandise are utilized in varied purposes, together with electrical automobiles, reminiscent of electrical automobiles, electrical buses, and hybrid electrical automobiles and buses; gentle electrical automobiles that embody electrical bicycles, electrical motors, and sight-seeing automobiles; and electrical instruments, vitality storage, uninterruptible energy provide, and different excessive energy purposes, in addition to cordless energy instruments.

Additional Studying

This prompt information alert was generated by narrative science expertise and monetary information from MarketBeat in an effort to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

Earlier than you contemplate CBAK Power Expertise, you may need to hear this.

MarketBeat retains observe of Wall Road’s top-rated and greatest performing analysis analysts and the shares they suggest to their purchasers every day. MarketBeat has recognized the 5 shares that high analysts are quietly whispering to their purchasers to purchase now earlier than the broader market catches on… and CBAK Power Expertise wasn’t on the record.

Whereas CBAK Power Expertise at the moment has a “N/A” score amongst analysts, top-rated analysts consider these 5 shares are higher buys.

View The 5 Shares Right here