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 People’s Republic of China. DANG’s 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 People’s Republic of China. YOKU’s 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. RENN’s 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 People’s Republic of China. YONG’s 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. CAST’s 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 People’s Republic of China. TUDO’s 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 People’s Republic of China and internationally. CNTF’s 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. SOHU’s market cap is $2.02 billion with cash of $808.42 million and $0 debt. Based on 38.07 million shares outstanding SOHU has $21.23 cash per share. The short interest on SOHU is 4.38 days to cover.
Sina Corp. (NASDAQ:SINA) provides online media and mobile value-added services (MVAS) in the People’s Republic of China. SINA’s market cap is $3.79 billion with cash of $742.09 million and$2.65 million in debt. Based on 65.91 million shares outstanding SINA has $11.26 cash per share. The short interest on SINA is 1 day to cover.
Baidu (NASDAQ:BIDU) provides Internet search services. The company offers a Chinese language search platform on its Website, Baidu.com; and a Japanese language search platform on its Website, Baidu.jp. BIDU’s market cap is way to big for JasonBondPicks but it’s fun to write about and analyze for you large cap hounds. BIDU”s market cap is $44.74 billion with cash of $1.81 billion and $392.13 million in debt. Based on 349.03 million shares outstanding BIDU has $5.19 cash per share. Like SINA, there is not much short interest here at 1.01 days to cover.
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