Is Buying Sorl Auto Parts Inc (NASDAQ:SORL) Here Good Idea?

June 10, 2018 - By Richard Conner

The stock of Sorl Auto Parts Inc (NASDAQ:SORL) registered an increase of 1.14% in short interest. SORL’s total short interest was 1.68 million shares in June as published by FINRA. Its up 1.14% from 1.66 million shares, reported previously. With 132,500 shares average volume, it will take short sellers 13 days to cover their SORL’s short positions. The short interest to Sorl Auto Parts Inc’s float is 21.15%.

The stock decreased 0.21% or $0.01 during the last trading session, reaching $4.83. About 48,992 shares traded. SORL Auto Parts, Inc. (NASDAQ:SORL) has declined 44.11% since June 10, 2017 and is downtrending. It has underperformed by 56.68% the S&P500.

SORL Auto Parts, Inc., together with its subsidiaries, develops, makes, and distributes automotive brake systems and other safety related auto parts to automotive original equipment manufacturers and the related aftermarket in the People??s Republic of China. The company has market cap of $93.24 million. It operates through two divisions, Commercial Vehicles Brake Systems and Passenger Vehicles Brake Systems. It has a 3.63 P/E ratio. The firm offers a range of products covering 65 categories and approximately 2000 specifications in automotive brake systems that are principally used in various types of commercial vehicles, such as trucks and buses.

More news for SORL Auto Parts, Inc. (NASDAQ:SORL) were recently published by: Seekingalpha.com, which released: “SORL Auto Parts +1.5% post Q1 results” on May 15, 2018. Streetinsider.com‘s article titled: “Pre-Open Movers 05/15: (XENE) (PFNX) (SORL) Higher; (VIPS) (MYE) (TSLA) Lower (more…)” and published on May 15, 2018 is yet another important article.

SORL Auto Parts, Inc. (NASDAQ:SORL) Institutional Positions Chart

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