Geely Automobile Holdings Limited (OTCMKTS:GELYY) Short Interest Update

Geely Automobile Holdings Limited (OTCMKTS:GELYY) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 15,600 shares, an increase of 321.6% from the December 15th total of 3,700 shares. Based on an average daily volume of 24,100 shares, the days-to-cover ratio is presently 0.6 days.

Geely Automobile Stock Performance

OTCMKTS GELYY traded down $0.40 during mid-day trading on Monday, hitting $34.75. The company’s stock had a trading volume of 11,200 shares, compared to its average volume of 11,229. The company’s 50 day simple moving average is $37.04 and its 200 day simple moving average is $29.29. Geely Automobile has a twelve month low of $18.48 and a twelve month high of $41.93.

Wall Street Analysts Forecast Growth

Separately, Macquarie upgraded shares of Geely Automobile from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 14th.

About Geely Automobile

Geely Automobile Holdings Limited, an investment holding company, operates as an automobile manufacturer primarily in the People’s Republic of China. The company engages in the research and development, production, marketing, and sale of passenger vehicles, automobile parts, and related automobile components, as well as provision of related after-sales and technical services.