Biggest Stock Volume Losers were TWI, CAAS, HEAT

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Titan International, Inc. (NYSE:TWI) went down 5.42% to $7.68 on 1.58 million shares after the company announced that for fiscal 2010, it expects sales up to a range of $770 to $820 million in current product and EBITDA in a range of $65 to $85 million. According to Reuters Estimates, analysts were expecting the Company to report revenue of $860 million and EBITDA of $92 million for fiscal 2010.

China Automotive Systems, Inc. (NASDAQ:CAAS) decreased 8.09% to $16.42 on 1.52 million shares. The stock hit an intraday high and an intraday low of $17.75 and $16.28 respectively. In the last six months the stock went up over 206%. China Automotive Systems, Inc. is a holding company and has no significant business operations or assets other than its interest in Great Genesis Holdings Limited (Genesis). Through Genesis, the Company manufactures power steering systems and other component parts for automobiles.

SmartHeat Inc (NASDAQ:HEAT) plunged 5.08% to $14.38 on 1.45 million shares. The stock hit an intraday high and an intraday low of $15.25 and $14.03 respectively. In the last six months the stock went up over 108%. SmartHeat Inc. formerly Pacific Goldrim Resources, Inc., is engaged in the manufacturing and sale of plate heat exchangers (PHEs) and various packages, thermometer testing devices and heat usage calculators through its wholly owned operating subsidiary in China.

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