China MeiDong Auto Holdings Limited (OTCMKTS:CMEIF) Sees Large Increase in Short Interest

China MeiDong Auto Holdings Limited (OTCMKTS:CMEIF) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 731,600 shares, a growth of 15.0% from the August 15th total of 636,300 shares. Based on an average trading volume of 13,700 shares, the short-interest ratio is currently 53.4 days.

China MeiDong Auto Stock Performance

Shares of China MeiDong Auto stock remained flat at $0.25 during trading hours on Tuesday. The business’s fifty day simple moving average is $0.26 and its 200-day simple moving average is $0.32. China MeiDong Auto has a 12-month low of $0.21 and a 12-month high of $0.64.

China MeiDong Auto Company Profile

China MeiDong Auto Holdings Limited, an investment holding company, operates as an automobile dealer in the People's Republic of China. The company is involved in the sale of new passenger cars and spare parts; and provision of service and survey. It also provides after-sales services, such as auto registration, insurance, auto parts, repair and replacement, sales and maintenance of automotive supplies, etc.; financing referral solutions; and other value added services.