Cango Inc – (NYSE:CANG) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 14,200 shares, a growth of 52.7% from the May 15th total of 9,300 shares. Based on an average daily trading volume, of 3,300 shares, the days-to-cover ratio is presently 4.3 days. Currently, 0.0% of the shares of the company are short sold.
An institutional investor recently raised its position in Cango stock. Primavera Capital Management Ltd raised its position in Cango Inc – (NYSE:CANG) by 21.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,243,939 shares of the company’s stock after purchasing an additional 1,089,607 shares during the period. Cango comprises about 3.0% of Primavera Capital Management Ltd’s investment portfolio, making the stock its 4th largest position. Primavera Capital Management Ltd owned about 4.13% of Cango worth $49,577,000 at the end of the most recent reporting period. 21.88% of the stock is owned by institutional investors.
Shares of NYSE CANG remained flat at $$7.20 during trading on Friday. 110 shares of the company’s stock traded hands, compared to its average volume of 1,557. Cango has a 52 week low of $4.70 and a 52 week high of $13.90. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.15 and a current ratio of 2.15. The firm’s 50-day moving average is $6.45. The stock has a market cap of $1.09 billion and a PE ratio of 23.23.
Cango Company Profile
Cango Inc operates an automotive transaction service platform that connects dealers, financial institutions, car buyers, and other industry participants in the People's Republic of China. It facilitates automotive financing services that include facilitating financing transactions from financial institutions to car buyers; automotive transactions between automotive wholesalers, dealers, and car buyers; and after-market services to car buyers.
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