China BAK Battery, Inc. (NASDAQ:CBAT) Short Interest Update

China BAK Battery, Inc. (NASDAQ:CBAT) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 328,412 shares, an increase of 133.2% from the January 29th total of 140,849 shares. Based on an average daily trading volume, of 195,398 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.4% of the shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 195,398 shares, the days-to-cover ratio is currently 1.7 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of China BAK Battery in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, China BAK Battery presently has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently raised its position in China BAK Battery stock. Empowered Funds LLC raised its holdings in shares of China BAK Battery, Inc. (NASDAQ:CBAT) by 8.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 355,536 shares of the electronics maker’s stock after acquiring an additional 28,411 shares during the quarter. Empowered Funds LLC owned approximately 0.40% of China BAK Battery worth $283,000 as of its most recent filing with the Securities and Exchange Commission. 1.97% of the stock is currently owned by hedge funds and other institutional investors.

China BAK Battery Stock Performance

NASDAQ:CBAT opened at $1.01 on Friday. The firm’s fifty day simple moving average is $0.88 and its 200-day simple moving average is $0.91. The company has a quick ratio of 0.54, a current ratio of 0.69 and a debt-to-equity ratio of 0.04. The stock has a market cap of $89.53 million, a PE ratio of -14.43 and a beta of 1.30. China BAK Battery has a fifty-two week low of $0.57 and a fifty-two week high of $1.25.

China BAK Battery Company Profile

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.