Short Interest in China MeiDong Auto Holdings Limited (OTCMKTS:CMEIF) Increases By 15.0%

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

China MeiDong Auto Stock Performance

Shares of OTCMKTS:CMEIF remained flat at $0.25 during trading on Friday. The business has a 50-day moving average of $0.26 and a 200-day moving average of $0.33. China MeiDong Auto has a 52 week low of $0.21 and a 52 week 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.