SORL Auto Parts, Inc. (NASDAQ:SORL) Sees Significantly Lower Trading Volume

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Trading volume for SORL Auto Parts, Inc. was 11K on Thursday. Overall, volume was down 99.53% under the stocks normal daily volume.

Traders are a little more bearish on SORL Auto Parts, Inc. of late if you watch the change in short interest. The firm realized a rise in short interest from August 15, 2017 to August 31, 2017 of 17.22%. Short shares grew 221,420 over that period. Days to cover increased 2.0 to 4.0 and the short interest percentage is 0.08% as of August 31.

These firms have modified their investment in SORL. Creative Planning trimmed its investment by shedding 786 shares a decrease of 78.1% from 09/30/2016 to 06/30/2017. Creative Planning now controls 220 shares valued at $1,000. The value of the position overall is down by 75.0%. As of the end of the quarter Tower Research Capital LLC (trc) had bought 276 shares growing its position 33.4%. The value of the company’s investment in SORL Auto Parts, Inc. went from $2,000 to $7,000 a change of 250.0% quarter over quarter.

As of quarter end Dynamic Technology Lab Private Ltd had disposed of a total of 10,341 shares trimming its holdings by 37.4%. The value of the investment in SORL Auto Parts, Inc. increased from $84,000 to $115,000 a change of $31,000 for the reporting period. As of the end of the quarter Ubs Group Ag had disposed of 3,075 shares trimming its stake by 66.6%. The value in dollars went from $18,000 to $10,000 decreasing 44.4% quarter to quarter.

The company is so far trading up by 1.05%% since yesterday’s close of 3.82. Company shares last traded at $3.86 well below $5.12, the 50 day moving average and much lower than the 200 day moving average of $5.57. The 50 day moving average was down $-1.26 or -24.58% and the 200 day average was down $-1.71.

SORL Auto Parts, Inc.’s P/E ratio is 3.88 and the market value is 74.51M. As of the last earnings report the EPS was $1.00 and is projected to be $1.26 for the current year with 19,304,000 shares now outstanding. Analysts expect next quarter’s EPS to be $0.41 and the next full year EPS is projected to be $1.36.

SORL Auto Parts, Inc., launched on March 24, 1982, through its interests in the Ruili Group Ruian Auto Parts Co., Ltd., a Sino-foreign joint venture (Joint Venture), develops, manufactures and distributes automotive brake systems and other safety related auto parts to automotive original equipment manufacturers (OEMs), and the related aftermarket both in China and abroad. The Company operates through two segments: Commercial Vehicle Brake Systems and Passenger Vehicle Brake Systems..

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