China BAK Battery, Inc. (NASDAQ:CBAT - Get Free Report) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 558,703 shares, a growth of 77.2% from the July 30th total of 315,302 shares. Based on an average trading volume of 415,059 shares, the short-interest ratio is currently 1.3 days. Currently, 0.6% of the shares of the stock are short sold.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in China BAK Battery stock. Empowered Funds LLC grew its stake in China BAK Battery, Inc. (NASDAQ:CBAT - Free Report) by 8.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 355,536 shares of the electronics maker's stock after acquiring an additional 28,411 shares during the period. Empowered Funds LLC owned 0.40% of China BAK Battery worth $283,000 at the end of the most recent reporting period. Institutional investors own 1.97% of the company's stock.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a "sell (d)" rating on shares of China BAK Battery in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Sell".
Check Out Our Latest Analysis on China BAK Battery
China BAK Battery Price Performance
CBAT opened at $0.93 on Monday. The business has a fifty day moving average of $0.63 and a 200 day moving average of $0.77. China BAK Battery has a 52-week low of $0.46 and a 52-week high of $1.24. The company has a quick ratio of 0.44, a current ratio of 0.65 and a debt-to-equity ratio of 0.08. The stock has a market cap of $82.45 million, a P/E ratio of -5.17 and a beta of 1.35.
About China BAK Battery
(
Get Free Report)
China BAK Battery Inc NASDAQ: CBAT is a China-based developer and manufacturer of rechargeable lithium-ion batteries and related power solutions. The company's core product lines include small, medium and large format batteries, battery modules and pack assemblies designed for consumer electronics, electric vehicles, energy storage systems and other industrial applications. China BAK Battery offers polymer lithium-ion cells, prismatic and cylindrical cells, as well as integrated battery systems tailored to meet the performance requirements of its clients.
Founded in 2001 and headquartered in Shenzhen, China BAK Battery has expanded its manufacturing footprint and research and development capabilities over the years to serve customers across Asia, Europe and North America.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider China BAK Battery, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and China BAK Battery wasn't on the list.
While China BAK Battery currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The space race is growing fast, and you don’t have to have gotten in early on SpaceX to profit. This report shows seven space stocks you can buy today that may grow as rockets, satellites, defense, space internet, and new space technology become more important.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
