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Contrarius Investment Management LTD Has Boosted By $4.15 Million Its Baidu (BIDU) Stake; CONCORD NEW ENERGY GROUP LTD ORDINARY SH (CWPWF) Shorts Increased By 25.24%

CONCORD NEW ENERGY GROUP LTD ORDINARY SH (OTCMKTS:CWPWF) had an increase of 25.24% in short interest. CWPWF’s SI was 7.20 million shares in February as released by FINRA. Its up 25.24% from 5.75 million shares previously. With 800 avg volume, 8994 days are for CONCORD NEW ENERGY GROUP LTD ORDINARY SH (OTCMKTS:CWPWF)’s short sellers to cover CWPWF’s short positions. The SI to CONCORD NEW ENERGY GROUP LTD ORDINARY SH’s float is 0.14%. It closed at $0.0457 lastly. It is down 0.00% since February 21, 2017 and is . It has underperformed by 16.70% the S&P500.

Contrarius Investment Management Ltd increased Baidu Inc (BIDU) stake by 26.89% reported in 2017Q3 SEC filing. Contrarius Investment Management Ltd acquired 16,811 shares as Baidu Inc (BIDU)’s stock rose 1.94%. The Contrarius Investment Management Ltd holds 79,325 shares with $19.65 million value, up from 62,514 last quarter. Baidu Inc now has $87.18 billion valuation. The stock increased 2.03% or $4.98 during the last trading session, reaching $250.41. About 1.21 million shares traded. Baidu, Inc. (NASDAQ:BIDU) has risen 12.02% since February 21, 2017 and is uptrending. It has underperformed by 4.68% the S&P500.

Among 24 analysts covering Baidu (NASDAQ:BIDU), 9 have Buy rating, 3 Sell and 12 Hold. Therefore 38% are positive. Baidu had 61 analyst reports since July 28, 2015 according to SRatingsIntel. On Friday, October 28 the stock rating was downgraded by Macquarie Research to “Neutral”. Stifel Nicolaus upgraded the stock to “Buy” rating in Tuesday, January 10 report. The stock of Baidu, Inc. (NASDAQ:BIDU) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, January 17. The firm has “Buy” rating by Wells Fargo given on Monday, January 8. Credit Suisse initiated Baidu, Inc. (NASDAQ:BIDU) on Wednesday, July 20 with “Outperform” rating. The company was maintained on Monday, June 19 by Jefferies. On Friday, July 29 the stock rating was downgraded by TH Capital to “Hold”. The firm has “Neutral” rating by JP Morgan given on Monday, October 30. The stock of Baidu, Inc. (NASDAQ:BIDU) earned “Buy” rating by Brean Capital on Friday, April 29. The stock of Baidu, Inc. (NASDAQ:BIDU) earned “Overweight” rating by Morgan Stanley on Thursday, February 15.

Contrarius Investment Management Ltd decreased Iamgold Corp (NYSE:IAG) stake by 618,591 shares to 2.74M valued at $16.74M in 2017Q3. It also reduced New York Times Co (NYSE:NYT) stake by 474,228 shares and now owns 4.73 million shares. Mcclatchy Co was reduced too.

Concord New Energy Group Limited, an investment holding company, primarily engages in engineering, procurement, construction, and equipment manufacturing activities in the PeopleÂ’s Republic of China and internationally. The company has market cap of $404.45 million. The firm operates through three divisions: Engineering, Procurement, Construction and Equipment Manufacturing; Power Plant Operation and Maintenance; and Investment in Power Plants. It has a 5.08 P/E ratio. It is involved in the investment, engineering, procurement, construction, operation, and maintenance of wind and solar power plants; securing power resources in the renewable energy industry; manufacture of tower tube and gear box equipment for power business; and provision of technical and consultancy services, as well as funding in a form of sale and leaseback arrangement.

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