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CBAK Power Expertise, Inc. (NASDAQ:CBAT – Get Rating) noticed a big lower briefly curiosity throughout the month of September. As of September fifteenth, there was quick curiosity totalling 2,620,000 shares, a lower of 8.1% from the August thirty first 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 present 7.6 days. At the moment, 4.9% of the corporate’s inventory are quick bought.
Hedge Funds Weigh In On CBAK Power Expertise
Massive buyers have lately modified their holdings of the enterprise. Ergoteles LLC acquired a brand new place in shares of CBAK Power Expertise throughout the 1st quarter price about $29,000. Spire Wealth Administration acquired a brand new place in shares of CBAK Power Expertise throughout the 2nd quarter price about $47,000. UBS Group AG boosted its stake in shares of CBAK Power Expertise by 257.7% throughout 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 Avenue Group LLC boosted its stake in shares of CBAK Power Expertise by 31.8% throughout the 1st quarter. Jane Avenue 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 present owned by institutional buyers and hedge funds.
CBAK Power Expertise Buying and selling Up 0.9 %
Shares of CBAK Energy Technology stock 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
CBAK Power Expertise, Inc, along with its subsidiaries, develops, manufactures, and sells lithium batteries in Mainland China, the USA, Korea, Europe, and internationally. Its merchandise are utilized in numerous purposes, together with electrical automobiles, corresponding to electrical vehicles, electrical buses, and hybrid electrical vehicles and buses; gentle electrical automobiles that embrace electrical bicycles, electrical motors, and sight-seeing vehicles; and electrical instruments, power storage, uninterruptible energy provide, and different excessive energy purposes, in addition to cordless energy instruments.
Additional Studying
This on the spot information alert was generated by narrative science expertise and monetary knowledge from MarketBeat with a view to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
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