China Small Cap Stocks Heat Up; 5 Under $6 Worth A Look

China small cap stocks have been punished by sellers but it appears some trader
favorites are heating back up. The following stocks; YONG, DANG, RENN, CAST and
CNTF are priced around $5 or lower, usually have sizable short interest and are
capable of making solid runs when they heat up. RENN going from $6 $12 back in
August is a good example, you just need to swing them at the right time. Here is
what Im looking at from a technical perspective as we move toward the holidays.
Yongye International Inc. ( NASDAQ:YONG ) engages in the research, development,
manufacture, and sale of fulvic acid based liquid and powder nutrient compounds
for plants and animals, which are used in the agriculture industry in the
Peoples Republic of China. YONG has a book value of $6.40 with $80.38 million in
cash and $21.49 million in debt. There are 50.54 million shares outstanding and
the last reported short interest was 8.77 days to cover. E-commerce China
Dangdang Inc. ( NYSE:DANG ) operates as a business-to-consumer e-commerce
company in the Peoples Republic of China. DANG has a book value of $2.57 with
$244.8 million in cash and $0 debt. There are 79.27 million shares outstanding
and the last reported short interest was 4.38 days to cover. Renren Inc. (
NYSE:RENN ) operates a social networking Internet platform in China similar to
Facebook. Pretty solid backstop on RENN here with a book value of $3.11, $1.2
billion in cash and $0, I repeat $0 debt. There are 392.02 million shares
outstanding and the last reported short interest was 1.39 days to cover.
Chinacast Education Corp. ( NASDAQ:CAST ) provides post-secondary education and
e-learning services in China. CAST has a book value of $6, $171.61 million in
cash and $41.16 million in debt. There are 49.02 million shares outstanding and
the last reported short interest was 11.51 days to cover. China Techfaith
Wireless ( NASDAQ:CNTF ) operates as an original developed products provider
that is focused on the original design and sale of mobile phones in the Peoples
Republic of China and internationally. CNTF has a book value of $5.64, $236.30
million in cash and $290 thousand in debt. There are 52.93 million shares
outstanding and the last reported short interest was 1 day to cover.