What’s Next for Cango Inc American Depositary Shares Each Repre (NYSE:CANG) After Having Less Shares Shorted?

The stock of Cango Inc American Depositary Shares Each Repre (NYSE:CANG) registered a decrease of 44.81% in short interest. CANG’s total short interest was 10,100 shares in December as published by FINRA. Its down 44.81% from 18,300 shares, reported previously. With 20,400 shares average volume, it will take short sellers 1 days to cover their CANG’s short positions.

The stock increased 1.28% or $0.11 during the last trading session, reaching $8.64. About 419 shares traded. Cango Inc. (NYSE:CANG) has 0.00% since December 6, 2017 and is . It has underperformed by 15.62% the S&P500.

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. The company has market cap of $1.31 billion. 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. It has a 59.17 P/E ratio.

More notable recent Cango Inc. (NYSE:CANG) news were published by: Streetinsider.com which released: “Tenaris SA (TS) Misses Q2 EPS by 3c, Revenues Beat – StreetInsider.com” on August 01, 2018, also Benzinga.com with their article: “Cango Inc. Reports Third Quarter 2018 Unaudited Financial Results – Benzinga” published on November 22, 2018, Nasdaq.com published: “US IPO Week Ahead: Tech, tech, and more tech with 11 US IPOs planned for this coming week – Nasdaq” on July 20, 2018. More interesting news about Cango Inc. (NYSE:CANG) were released by: Seekingalpha.com and their article: “Stocks To Watch: Alibaba, Target And Energy Plays To Center Stage – Seeking Alpha” published on August 18, 2018 as well as Fool.com‘s news article titled: “Analysts Upgrade Palo Alto Networks After Earnings: What You Need to Know – The Motley Fool” with publication date: November 30, 2018.

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