SORL Auto Parts, Inc. (NASDAQ:SORL) Experiences Lighter than Average Trading Volume

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Trading was light with 4,067 shares changing hands in the last trading session. Volume was down 99.83% under the stocks average daily volume.

Traders are more bearish on shares of the company recently if you look at the change in short interest. The company saw a rise in short interest between August 15, 2017 and August 31, 2017 of 17.22%. Short interest grew from 1,285,974 to 1,507,394 over that timeframe. 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 reduced its ownership by shedding 786 shares a decrease of 78.1%. Creative Planning now holds 220 shares valued at $1,000. The total value of its holdings decreased 75.0%. As of quarter end Tower Research Capital LLC (trc) had bought 276 shares growing its holdings by 33.4%. The value of the company’s investment in SORL Auto Parts, Inc. increased from $2,000 to $7,000 a change of $5,000 quarter to quarter.

Dynamic Technology Lab Private Ltd divested its investment by selling 10,341 shares a decrease of 37.4% in the quarter. Dynamic Technology Lab Private Ltd claims 17,338 shares worth $115,000. The value of the position overall is up by 36.9%. As of the end of the quarter Ubs Group Ag had disposed of a total of 3,075 shares trimming its stake by 66.6%. The value in dollars went from $18,000 to $10,000 a change of 44.4% quarter over quarter.

The company is trading up by 0.26% percent from yesterday’s close. It is currently trading at $3.83 quite a bit lower than $5.12, the stock’s 50 day moving average and which is well below the 200 day moving average of $5.57. The 50 day moving average was down $-1.29 or -25.17% whereas the 200 day average was down by -31.30%.

The P/E ratio is 3.03 and the market cap is 73.93M. In the latest earnings report the EPS was $1.26 and is projected to be $1.26 for the current year with 19,304,000 shares now outstanding. Next quarter’s EPS is expected be $0.41 and the next full year EPS is anticipated 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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