The stock of Bitauto Holdings Limited (NYSE:BITA) registered a decrease of 22.23% in short interest. BITA’s total short interest was 1.03M shares in February as published by FINRA. Its down 22.23% from 1.32M shares, reported previously. With 760,500 shares average volume, it will take short sellers 1 days to cover their BITA’s short positions. The stock is down 0.56% or $0.11 after the news, hitting $19.57 per share. About 427,564 shares traded hands. Bitauto Hldg Ltd (ADR) (NYSE:BITA) has declined 57.12% since July 15, 2015 and is downtrending. It has underperformed by 48.13% the S&P500.
Bitauto Holdings Limited is a well-known provider of Internet content and marketing services for China’s automotive industry. The company has a market cap of $1.17 billion. The Company’s bitauto.com and taoche.com Websites provide clients with information on new and used automobile pricing, and promotional information, specifications, reviews and consumer feedback. It has 183.74 P/E ratio. Bitauto operates through three divisions: the advertising business, the EP platform business and its digital marketing solutions business.
Out of 9 analysts covering Bitauto Holdings (NYSE:BITA), 0 rate it “Buy”, 0 “Sell”, while 0 “Hold”. This means NaN are positive. Bitauto Holdings was the topic in 5 analyst reports since October 29, 2015 according to StockzIntelligence Inc.
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