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CBAK Energy Technology, Inc. (NASDAQ:CBAT) Short Interest Up 22.4% in November

CBAK Energy Technology, Inc. (NASDAQ: CBAT) saw a sharp rise in short positions in November. As of November 30, there were short interests totaling 4,590,000 shares, an increase of 22.4% over November 15 from a total of 3,750,000 shares. Currently, 8.6% of the company’s shares are being sold short. Based on an average daily trading volume of 2,610,000 shares, the day-to-cover ratio is currently 1.8 days.

Shares in NASDAQ: CBAT traded around $ 0.05 during Friday’s trading to hit $ 1.78. 3,377,027 shares in the company were exchanged, compared to an average volume of 3,710,071 shares. CBAK Energy Technology has a 1-year low of $ 1.67 and a 1-year high of $ 9.59. The company has a 50-day moving average price of $ 2.12 and a 200-day moving average price of $ 3.07. The company has a market cap of $ 157.89 million, a P / E of 3.18, and a beta of 3.17.

CBAK Energy Technology (NASDAQ: CBAT) last released its quarterly results on Friday, November 12th. The electronics maker reported ($ 0.03) EPS for the quarter. The company had sales of $ 9.56 million for the quarter. CBAK Energy Technology had a negative return on equity of 7.89% and a net margin of 119.23%.

Institutional investors and hedge funds have recently changed their positions in the business. The Royal Bank of Canada increased its stake in CBAK Energy Technology by 1,349.9% in the first quarter. The Royal Bank of Canada now owns 8,250 shares in the electronics maker, valued at $ 42,000, after buying an additional 7,681 shares last quarter. Capstone Investment Advisors LLC acquired a new stake in CBAK Energy Technology worth $ 46,000 in the third quarter. GSA Capital Partners LLP purchased a new stake in CBAK Energy Technology for $ 56,000 in the second quarter. Clear Creek Financial Management LLC bought a new stake in CBAK Energy Technology for $ 70,000 in the second quarter. Finally, Barclays PLC bought a new stake in CBAK Energy Technology for $ 76,000 in the third quarter. 5.73% of the shares are currently owned by hedge funds and other institutional investors.

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Knightscope, Inc., a developer of advanced physical security technology focused on enhancing US security operations, has begun offering up to $ 40 million of Class A common stock, with shares trading on NASDAQ immediately upon closing the ticker symbol “KSCP” should be noted. ”

CBAK Energy Technology company profile

CBAK Energy Technology, Inc. manufactures, markets, and distributes rechargeable lithium-ion batteries. The company offers lithium-ion batteries with aluminum housings, batteries, cylindrical cells, lithium polymer cells and high-performance lithium batteries. Its products are used for electric vehicles; light electric vehicles; and power tools, energy storage, uninterruptible power supplies and high performance applications.

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