Sorl Auto Parts Inc (NASDAQ:SORL) Experiences Heavy Trading Volume

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Trading volume for Sorl Auto Parts Inc was 1,428K by the end of trading on Wednesday. Overall, volume was up 227.95% over the stocks normal daily volume.

Investors are more bearish of late if you pay attention to the uptick in short interest. The stock had a rise in short interest of 11.54% as of October 13, 2017 from the last reporting period. Short interest grew 157,963 over that timeframe. Days to cover decreased -3.0 to 3.0 and the short interest percentage is 0.08% as of October 13.

The following firms have recently changed their position in SORL. Cutler Group LP downsized its position by selling 384 shares a decrease of 65.8%. Cutler Group LP now holds 200 shares with a value of $0. The total value of its holdings decreased 100.0%. Citadel Advisors LLC bolstered its holdings by buying 41,070 shares an increase of 310.4% in the quarter. Citadel Advisors LLC owns 54,300 shares valued at $207,000. The value of the position overall is up by 305.9%.

As of the end of the quarter Morgan Stanley had disposed of 1,341 shares trimming its stake by 91.4%. The value of the total investment in Sorl Auto Parts Inc went from $10,000 to $0 a change of 100.0% since the last quarter. As of quarter end Jpmorgan Chase & Co had sold a total of 402 shares trimming its position 1.2%. The value of the investment in (SORL) decreased from $225,000 to $130,000 a change of $95,000 quarter over quarter.

The company is trading up by 0.25% since yesterday’s close of 7.21. The company currently has a P/E ratio of 5.72 and the market cap is 139.54M. In the last earnings report the EPS was $1.26 with 19.30M shares currently outstanding.

SORL Auto Parts, Inc., launched on March 24, 1982, through its interests in the Ruili Group Ruian Auto Parts Co., Ltd., a Sino-foreign joint venture (Joint Venture), develops, manufactures and distributes automotive brake systems and other safety related auto parts to automotive original equipment manufacturers (OEMs), and the related aftermarket both in China and abroad. The Company operates through two segments: Commercial Vehicle Brake Systems and Passenger Vehicle Brake Systems..