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

China MeiDong Auto Holdings Limited (OTCMKTS:CMEIFGet Free Report) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 1,754,900 shares, a drop of 25.6% from the August 15th total of 2,358,900 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered shares of China MeiDong Auto from a “buy” rating to a “neutral” rating in a research note on Monday, July 24th.

Check Out Our Latest Research Report on CMEIF

China MeiDong Auto Stock Performance

Shares of OTCMKTS CMEIF remained flat at $1.18 during midday trading on Monday. China MeiDong Auto has a twelve month low of $1.18 and a twelve month high of $1.90.

About China MeiDong Auto

(Get Free Report)

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.

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