Cango Inc – (NYSE:CANG) Sees Large Decline in Short Interest
Cango Inc – (NYSE:CANG) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 9,800 shares, a decline of 12.5% from the June 30th total of 11,200 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 2,100 shares, the days-to-cover ratio is presently 4.7 days.
Shares of NYSE:CANG traded up $0.03 during trading on Thursday, hitting $6.05. 200 shares of the company were exchanged, compared to its average volume of 712. The stock has a market capitalization of $909.62 million and a PE ratio of 19.52. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.06. Cango has a 12-month low of $4.70 and a 12-month high of $12.69. The company has a 50 day moving average of $6.69.
Cango (NYSE:CANG) last issued its quarterly earnings data on Tuesday, May 28th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.08). The company had revenue of $52.40 million for the quarter. Cango had a return on equity of 7.96% and a net margin of 25.02%.
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.
Receive News & Ratings for Cango Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cango and related companies with MarketBeat.com's FREE daily email newsletter.