Hopefully you've done some DD here of your own, but if you haven't read the seeking alpha article by Richard Pearson, I encourage you to. I traded CLNT in the past, so when I noted it up 35% the other day on most percentage movers here at yahoo finance, I went short right after a quick read of Richards visit to this companies location in China.
Richards article rang so true to my previous DD on this company when I traded it in the past. So it was an easy SHORT PLAY when I noted the stock spike 35%. EASY MONEY and in my opinion, this company won't last another year before it's no longer trading on US markets.
I encourage you to stay SHORT and if for some reason this is back above 5 again, look to add to your short position. Trust me, it's money in the bank.
I believe as Richard Pearson pointed out, there is FRAUD going on at this company. I've made a killing finding and shorting small China companies that do numerous reverse splits and have extremely questionable auditors reporting their numbers.