From MarketBeat:

China Automotive Systems, Inc. experienced a significant decline in short interest in December, with a total of 11,500 shares, down 70.8% from the previous month.

On Thursday, CAAS traded up $0.07 to reach $3.33, with a market cap of $100.53 million, and an average trading volume of 46,200 shares. The stock’s 50-day and 200-day moving average prices were $3.43 and $4.14, respectively.

China Automotive Systems reported $0.31 EPS for the quarter, beating the consensus estimate of $0.12 by $0.19, and revenue of $137.54 million for the quarter.

StockNews.com initiated coverage on China Automotive Systems with a “strong buy” rating. Hedge funds have recently bought and sold shares of the company.

China Automotive Systems, Inc. manufactures and sells automotive systems and components in China and globally, producing a range of steering and power systems for all vehicle types.



Read more: China Automotive Systems, Inc. (NASDAQ:CAAS) Sees Large Decrease in Short Interest