Cango Inc. (NYSE:CANG) Short Interest Update

Cango Inc. (NYSE:CANG) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 32,200 shares, an increase of 16.2% from the March 31st total of 27,700 shares. Based on an average daily volume of 63,900 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the company’s stock are short sold.

Cango Trading Up 2.8 %

CANG stock opened at $1.47 on Wednesday. Cango has a twelve month low of $0.92 and a twelve month high of $1.88. The company’s 50 day moving average is $1.50 and its two-hundred day moving average is $1.24. The stock has a market cap of $198.14 million, a P/E ratio of -21.00 and a beta of 0.88.

Cango (NYSE:CANG) last issued its quarterly earnings results on Monday, March 11th. The company reported ($0.13) earnings per share for the quarter. Cango had a negative return on equity of 0.88% and a negative net margin of 2.04%. The business had revenue of $18.34 million for the quarter.

Cango Company Profile

Cango Inc operates an automotive transaction service platform that connects dealers, original equipment manufacturer, financial institutions, car buyers, and other industry participants in the People's Republic of China. The company offers automobile trading solutions comprising car sourcing, logistics, and warehousing support for dealers through Cango Haoche app that offers new-car transaction services, and Cango U-Car app that offers used-car transaction services; and facilitation of car purchases for car buyers.