China MeiDong Auto Holdings Limited (OTCMKTS:CMEIF) Sees Large Increase in Short Interest

China MeiDong Auto Holdings Limited (OTCMKTS:CMEIF) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 1,072,000 shares, a growth of 502.2% from the February 28th total of 178,000 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

China MeiDong Auto Stock Performance

CMEIF stock remained flat at $0.28 during trading on Wednesday. The firm has a fifty day moving average price of $0.29 and a 200-day moving average price of $0.29. China MeiDong Auto has a 12-month low of $0.21 and a 12-month 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.