Short Interest in Brilliance China Automotive Holdings Ltd (OTCMKTS:BCAUF) Decreases By 93.7%

Brilliance China Automotive Holdings Ltd (OTCMKTS:BCAUF) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 257,708 shares, a decrease of 93.7% from the April 30th total of 4,105,271 shares. Based on an average daily volume of 2,000 shares, the short-interest ratio is presently 128.9 days.

Brilliance China Automotive Stock Performance

OTCMKTS BCAUF opened at $0.34 on Thursday. Brilliance China Automotive has a one year low of $0.32 and a one year high of $0.56. The stock’s 50 day simple moving average is $0.42 and its 200 day simple moving average is $0.48.

Brilliance China Automotive Holdings Ltd. is a leading Chinese automotive manufacturer headquartered in Shenyang, Liaoning Province. Established in 1992, the company is engaged in the design, development, production and sale of passenger vehicles and commercial vehicles. Through strategic alliances and proprietary research, Brilliance China Automotive offers a diverse portfolio of sedans, multi-purpose vehicles (MPVs), light trucks and buses, catering to a wide range of customers in both private and commercial sectors.

A cornerstone of Brilliance China Automotive’s operations is its joint venture with BMW, formed in 2003.