China stocks have been punished by sellers but it appears some trader favorites
are heating back up. The following stocks; DANG, YOKU, RENN, YONG, CAST, TUDO,
CNTF, SOHU, SINA, BIDU 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
I'm looking at from a technical perspective as we move toward the holidays.
E-commerce China Dangdang Inc. ( NYSE:DANG ) operates as a business-to-consumer
e-commerce company in the Peoples Republic of China. DANGs market cap is $474.82
million with cash of $245.54 million and $0 debt. Based on 79.27 million shares
outstanding DANG has $3.10 cash per share. The short interest on DANG per the
last settlement date is 2.94 days to cover. Youku.com Inc. ( NYSE:YOKU )
operates as an Internet television company in the Peoples Republic of China.
YOKUs market cap is $2.15 billion with cash of $600.33 million and $3.30 million
in debt. Based on 114.09 million shares outstanding YOKU has $5.26 cash per
share. The short interest on YOKU is 7.04 days to cover. Renren Inc. ( NYSE:RENN
) operates a social networking Internet platform in China. RENNs market cap is
$1.51 billion with cash of $1.2 billion and $0 debt. Based on $392.02 million
shares outstanding RENN has $3.05 cash per share. The short interest on RENN is
2.30 days to cover. Yongye International ( 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. YONGs market cap is
$217.31 million with cash of $80.38 million and $21.49 million in debt. Based on
50.45 million shares outstanding YONG has $1.59 cash per share. The short
interest on YONG is high at 11.04 days to cover. Chinacast Education Corp. (
NASDAQ:CAST ) provides post-secondary education and e-learning services in
China. The company operates in two segments, E-learning and Training Service
Group, and Traditional University Group. CASTs market cap is $286.28 million
with cash of $172.07 million and $41.27 million in debt. Based on 49.02 million
shares outstanding CAST has $3.51 cash per share. The short interest on CAST is
a massive 14.29 days to cover. Tudou Holdings Limited ( NASDAQ:TUDO ) operates
as an online video company in the Peoples Republic of China. TUDOs market cap is
$172.50 million with cash of $170.01 million and $13.19 million in debt. Based
on 15.40 million shares outstanding TUDO has $11.04 cash per share. The short
interest on TUDO is 8.85 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. CNTFs market cap is $91.57 million with cash of $236.30 million
and $290 thousand in debt. Based on 52.93 million shares outstanding CNTF has
$4.46 cash per share. The short interest on CNTF is not much at 1 day to cover.
Sohu.com Inc. ( NASDAQ:SOHU ) engages in the brand advertising, online gaming,
sponsored search, and wireless businesses in China. SOHUs market cap is $2.02
billion with cash of $808.42 million and $0 debt. Based on 38.07
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