China MeiDong Auto Holdings Limited (OTCMKTS:CMEIF) Short Interest Up 250.0% in December

China MeiDong Auto Holdings Limited (OTCMKTS:CMEIF) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totaling 7,000 shares, an increase of 250.0% from the December 15th total of 2,000 shares. Based on an average daily trading volume, of 909 shares, the days-to-cover ratio is currently 7.7 days. Based on an average daily trading volume, of 909 shares, the days-to-cover ratio is currently 7.7 days.

China MeiDong Auto Stock Performance

CMEIF stock opened at $0.16 on Thursday. China MeiDong Auto has a 52 week low of $0.16 and a 52 week high of $0.25. The company’s 50-day simple moving average is $0.21 and its 200 day simple moving average is $0.25.

China MeiDong Auto Company Profile

China MeiDong Auto (OTCMKTS:CMEIF) is a China-based company engaged primarily in the distribution and sale of new and used passenger vehicles. The company operates through a network of dealerships and showrooms, offering a range of popular domestic and imported automobile brands. In addition to vehicle sales, China MeiDong Auto provides after-sales services, including maintenance, repair, and genuine parts distribution, catering to the full life-cycle needs of its customers.

Beyond its core dealership operations, China MeiDong Auto has expanded into complementary automotive services.