Cbak Energy Tech Incorporated (NASDAQ:CBAK)’s Stock Is Sell After More Market Selling

September 17, 2017 - By Adrian Mccoy

 Cbak Energy Tech Incorporated (NASDAQ:CBAK)'s Stock Is Sell After More Market Selling

Investors sentiment decreased to 0.2 in 2016 Q4. Its down 3.80, from 4 in 2016Q3. It dropped, as 2 investors sold CBAK Energy Technology Inc shares while 3 reduced holdings. 1 funds opened positions while 0 raised stakes. 124,621 shares or 68.10% less from 390,644 shares in 2016Q3 were reported.
Creative Planning owns 900 shares. X Mgmt Company Limited Company stated it has 107,907 shares or 0.01% of all its holdings. Barclays Public Limited Com has 0% invested in CBAK Energy Technology Inc (NASDAQ:CBAK) for 97 shares. North Carolina-based Retail Bank Of America Corporation De has invested 0% in CBAK Energy Technology Inc (NASDAQ:CBAK). 15,640 are owned by California Public Employees Retirement Sys.

Since May 31, 2017, it had 1 insider purchase, and 0 selling transactions for $1.12 million activity.

The stock of Cbak Energy Tech Incorporated (NASDAQ:CBAK) registered an increase of 2.91% in short interest. CBAK’s total short interest was 343,300 shares in September as published by FINRA. Its up 2.91% from 333,600 shares, reported previously. With 30,400 shares average volume, it will take short sellers 11 days to cover their CBAK’s short positions. The short interest to Cbak Energy Tech Incorporated’s float is 2.1%.

The stock increased 6.45% or $0.1 on September 15, reaching $1.65. About 215,299 shares traded or 281.01% up from the average. CBAK Energy Technology Inc (NASDAQ:CBAK) has declined 48.67% since September 17, 2016 and is downtrending. It has underperformed by 65.37% the S&P500.

CBAK Energy Technology, Inc., formerly China BAK Battery, Inc., is a holding company. The company has market cap of $43.27 million. The Firm and its subsidiaries are engaged in the manufacture, commercialization and distribution of a range of standard and customized lithium ion rechargeable batteries for use in an array of applications. It has a 1.3 P/E ratio. As of September 30, 2016, it manufactured five types of Li-ion rechargeable batteries: aluminum-case cell, battery pack, cylindrical cell, lithium polymer cell and high-power lithium battery cell.

More news for CBAK Energy Technology Inc (NASDAQ:CBAK) were recently published by: Quotes.Wsj.com, which released: “CBAK Energy Technology Inc.” on February 12, 2011. Prnewswire.com‘s article titled: “China BAK Battery, Inc. Announces Company Name Change to CBAK Energy …” and published on January 13, 2017 is yet another important article.

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