China Yuchai International Limited (NYSE:CYD) Sees Significant Decrease in Short Interest

China Yuchai International Limited (NYSE:CYD) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 158,100 shares, a drop of 19.0% from the February 28th total of 195,200 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average daily volume of 324,100 shares, the short-interest ratio is presently 0.5 days.

China Yuchai International Price Performance

Shares of CYD opened at $16.79 on Monday. The company has a market capitalization of $4.53 million, a P/E ratio of 10.37 and a beta of 0.91. China Yuchai International has a one year low of $7.95 and a one year high of $26.10. The business’s 50 day simple moving average is $16.27 and its 200-day simple moving average is $12.66.

Hedge Funds Weigh In On China Yuchai International

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Verity Asset Management Inc. raised its holdings in shares of China Yuchai International by 19.5% in the fourth quarter. Verity Asset Management Inc. now owns 24,648 shares of the company’s stock valued at $235,000 after buying an additional 4,029 shares during the last quarter. Shah Capital Management grew its stake in shares of China Yuchai International by 3.0% during the fourth quarter. Shah Capital Management now owns 4,345,471 shares of the company’s stock valued at $41,412,000 after purchasing an additional 128,509 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of China Yuchai International by 299.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 13,615 shares of the company’s stock valued at $130,000 after purchasing an additional 10,207 shares in the last quarter. Millennium Management LLC raised its position in China Yuchai International by 42.2% in the 4th quarter. Millennium Management LLC now owns 47,263 shares of the company’s stock worth $450,000 after purchasing an additional 14,030 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new position in China Yuchai International during the 4th quarter worth $191,000.

Analyst Upgrades and Downgrades

CYD has been the subject of several analyst reports. StockNews.com downgraded China Yuchai International from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Greenridge Global downgraded shares of China Yuchai International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 26th.

China Yuchai International Company Profile

China Yuchai International Limited, through its subsidiaries, manufactures, assembles, and sells diesel and natural gas engines for trucks, buses and passenger vehicles, marine, industrial, construction, agriculture, and generator set applications in the People’s Republic of China and internationally.