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

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

China MeiDong Auto Price Performance

Shares of OTCMKTS:CMEIF remained flat at $0.28 during trading on Thursday. The company has a 50-day moving average of $0.29 and a 200 day moving average of $0.29. China MeiDong Auto has a one year low of $0.21 and a one year high of $0.64.

About China MeiDong Auto

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.