Is Cango Inc ADR (NYSE: CANG) a smart move or a risky gamble for your portfolio?

In the latest trading session, 0.62 million Cango Inc ADR (NYSE:CANG) shares changed hands as the company’s beta touched 0.57. With the company’s most recent per share price at $4.05 changed hands at -$0.65 or -13.83% at last look, the market valuation stands at $293.34M. CANG’s current price is a discount, trading about -19.75% off its 52-week high of $4.85. The share price had its 52-week low at $0.92, which suggests the last value was 77.28% up since then. When we look at Cango Inc ADR’s average trading volume, we note the 10-day average is 0.39 million shares, with the 3-month average coming to 210.69K.

Cango Inc ADR (NYSE:CANG) trade information

Instantly CANG was in red as seen in intraday trades today. With action 2.53%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 297.06%, with the 5-day performance at 2.53% in the green. However, in the 30-day time frame, Cango Inc ADR (NYSE:CANG) is 42.11% up. Looking at the short shares, we see there were 97873.0 shares sold at short interest cover period of 0.31 days.

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Cango Inc ADR (NYSE:CANG)’s Major holders

CETERA INVESTMENT ADVISERS holds the second largest percentage of outstanding shares, with 0.0933% or 98450.0 shares worth $0.16 million as of 2024-06-30.

Among Mutual Funds, the top two as of Aug 31, 2024 were Trust for Professional Managers-ActivePassive International Equity ETF and Avantis Emerging Markets Equity ETF. With 36.22 shares estimated at $0.15 million under it, the former controlled 0.05% of total outstanding shares. On the other hand, Avantis Emerging Markets Equity ETF held about 0.01% of the shares, roughly 4.41 shares worth around $17672.0.