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Thread: CBAK chinese play

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    CBAK 4.94 on 3 times normal volume hit a high of 5.05 this morning. Look for another run thru 5 if this volume keeps up. CBAK $ 4.94
    China BAK Battery Inc. 0.34
    Shares Short 980,100
    Days to Cover (Short Ratio) 1.8
    Short % of Float 3.53 %
    Shares Short - Prior 1,672,500
    Short % Increase / Decrease -41.40 %
    Squeeze RankingTM -1
    % from 52-Wk HIGH ( 8.31 ) -69.94 %
    % from 52-Wk LOW ( 2.85 ) 41.72 %
    % from 200-Day MA ( 3.83 ) 21.68 %
    % from 50-Day MA ( 4.35 )
    11.04 %
    Price % Change (52-Wk) -12.80 %
    Trading Volume - Today 1,184,054
    Trading Volume - Average 556,200
    Trading Volume Vs. Avg. 212.88 %
    Total Shares - Float 27,800,000
    Total Shares - Outstanding 49,247,103
    % Held by Insiders 0.43 %
    % Held by Institutions 8.90 %
    Market Cap 240,818,334
    EPS 0.13
    PE Ratio 35.00
    Sector: Industrial Goods
    Industry: Industrial Electrical Equipment

  2. Default CBAK chinese play

    NEW YORK , OAKLAND, Calif, and PORTLAND, Ore., Sept. 17, 2007 (PRIME NEWSWIRE) -- The Nasdaq Stock Market, Inc. (``NASDAQ'') (NasdaqGS:NDAQ - News) announced today the results of the semi-annual reconstitution of the NASDAQ(r) Clean Edge(r) U.S. Index (Nasdaq:CLEN) and the NASDAQ(r) Clean Edge(r) U.S. Liquid Series Index (Nasdaq:CELS) (the ``Indexes''), which will become effective with the market open on Monday, September 24, 2007.
    The following twelve securities will be added to the Indexes: China BAK Battery, Inc. (NasdaqGM:CBAK - News), Comverge, Inc. (NasdaqGM:COMV - News), Capstone Turbine Corporation (NasdaqGM:CPST - News), EnerNOC, Inc. (NasdaqGM:ENOC - News), Hoku Scientific, Inc. (NasdaqGM:HOKU - News), LDK Solar Co., Ltd. (NYSE:LDK - News), Metabolix, Inc. (NasdaqGM:MBLX - News), Nova Biosource Fuels, Inc. (AMEX:NBF - News), Power Integrations, Inc. (NasdaqOWI), Vicor Corporation (NasdaqGS:VICR - News), Verenium Corporation (NasdaqGM:VRNM - News), and Yingli Green Energy Holding Company Limited (NYSE:YGE - News).

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    SHENZHEN, China, Sept. 13 /Xinhua-PRNewswire-FirstCall/ -- China BAK Battery, Inc. ("China BAK" or "BAK") (Nasdaq: CBAK - News), one of the largest manufacturers of lithium-based battery cells in the world, today announced that it was awarded the "China Top Brand" for its lithium-ion battery cells by the General Administration of Quality Supervision, Inspection and Quarantine of the People's Republic of China. China BAK is among the youngest and fastest-growing enterprises to receive such award in 2007.

    China Top Brands are awarded to companies whose products meet high quality standards that are comparable to international products, lead comparable domestic products, are in a leading position in terms of market share and brand recognition in the industry, have high levels of consumer satisfaction and considerable competitive capacity.

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    The "China Top Brand" designation is valid for three years. During which, the Company is eligible to stamp "China Top Brand" on the "China Top Brand" product and its packaging, specifications, advertisements and related materials. All products selected as "China Top Brand" are exempt from all kinds of quality checks conducted by different departments in different regions as well as customs inspections at exports. They are also automatically classified as priority products for protection against counterfeiting.

    "Through 6 years of efforts, China BAK has been recognized as a leader in the lithium-ion battery industry in China. The recognition as a "China Top Brand" further solidifies our product quality, awareness and our leading position in the industry in China," said Xiangqian Li, China BAK's Chief Executive Officer. He adds that, "It will further enhance our efforts in developing our brand into a world leading brand."

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