Cango Inc. Sponsored ADR (NYSE:CANG) Sees Significant Decrease in Short Interest

Posted by Francis Steltz on Aug 12th, 2026

Cango Inc. Sponsored ADR (NYSE:CANG – Get Free Report) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 384,211 shares, a drop of 89.8% from the July 15th total of 3,748,510 shares. Approximately 3.1% of the company’s shares are sold short. Based on an average daily trading volume, of 139,895 shares, the days-to-cover ratio is currently 2.7 days.

Institutional Trading of Cango

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its position in shares of Cango by 34.5% during the third quarter. BNP Paribas Financial Markets now owns 15,923 shares of the company’s stock worth $68,000 after purchasing an additional 4,082 shares during the last quarter. CI Investments Inc. boosted its stake in shares of Cango by 206.7% during the fourth quarter. CI Investments Inc. now owns 105,456 shares of the company’s stock valued at $158,000 after purchasing an additional 71,076 shares during the period. Jump Financial LLC bought a new position in shares of Cango in the second quarter worth about $246,000. Finally, Marshall Wace LLP bought a new position in shares of Cango in the fourth quarter worth about $1,677,000. Hedge funds and other institutional investors own 4.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CANG shares. Weiss Ratings upgraded shares of Cango from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, May 26th. Wall Street Zen upgraded shares of Cango to a “sell” rating in a report on Saturday, July 25th. Finally, Zacks Research raised shares of Cango from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

Get Our Latest Stock Analysis on CANG

Cango Trading Up 15.1%

Shares of CANG traded up $0.26 during mid-day trading on Wednesday, reaching $1.98. 189,542 shares of the company’s stock traded hands, compared to its average volume of 124,329. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.00 and a quick ratio of 1.00. The stock’s 50-day moving average is $2.24 and its two-hundred day moving average is $5.00. Cango has a 12 month low of $1.36 and a 12 month high of $21.00. The stock has a market cap of $35.18 million, a P/E ratio of -0.06 and a beta of 1.11.

Cango (NYSE:CANG – Get Free Report) last issued its quarterly earnings results on Monday, June 1st. The company reported ($0.73) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.54). Cango had a negative return on equity of 105.01% and a negative net margin of 125.53%.The business had revenue of $102.00 million for the quarter, compared to the consensus estimate of $100.41 million. Research analysts forecast that Cango will post -7.1 earnings per share for the current fiscal year.

About Cango

(Get Free Report)

Cango Inc (“Cango”) is a leading smart automotive transaction service provider in China, headquartered in Shanghai. The company operates an online‐to‐offline platform that integrates vehicle sourcing, financing, distribution and insurance, offering a comprehensive ecosystem for automakers, dealers and consumers. Leveraging big data analytics and cloud computing, Cango connects buyers and sellers through its proprietary digital infrastructure, facilitating transparent and efficient transactions across the automotive value chain.

Cango’s core offerings include auto financing solutions for new and used vehicles, extended consumer loans and wealth management products.