China Yuchai International Limited (NYSE:CYD) Sees Large Increase in Short Interest

China Yuchai International Limited (NYSE:CYD) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 30,500 shares, an increase of 498.0% from the December 31st total of 5,100 shares. Based on an average daily volume of 35,100 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.2% of the shares of the company are short sold.

China Yuchai International Trading Up 4.3 %

NYSE CYD traded up $0.46 during trading on Tuesday, reaching $11.20. The company’s stock had a trading volume of 18,666 shares, compared to its average volume of 40,916. The business’s fifty day moving average price is $9.84 and its 200-day moving average price is $10.60. China Yuchai International has a twelve month low of $7.95 and a twelve month high of $13.05.

Hedge Funds Weigh In On China Yuchai International

Several institutional investors have recently added to or reduced their stakes in CYD. Connor Clark & Lunn Investment Management Ltd. increased its holdings in China Yuchai International by 2.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,891 shares of the company’s stock valued at $1,102,000 after buying an additional 1,842 shares in the last quarter. Brandes Investment Partners LP increased its holdings in China Yuchai International by 4.2% during the 2nd quarter. Brandes Investment Partners LP now owns 1,293,521 shares of the company’s stock valued at $11,771,000 after acquiring an additional 51,953 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in China Yuchai International in the 3rd quarter valued at approximately $43,000. Shah Capital Management raised its holdings in shares of China Yuchai International by 3.0% in the fourth quarter. Shah Capital Management now owns 4,345,471 shares of the company’s stock worth $41,412,000 after acquiring an additional 128,509 shares during the last quarter. Finally, Verity Asset Management Inc. lifted its holdings in China Yuchai International by 19.5% in the 4th quarter. Verity Asset Management Inc. now owns 24,648 shares of the company’s stock valued at $235,000 after purchasing an additional 4,029 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of China Yuchai International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 12th.

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.