Short Interest in Geely Automobile Holdings Limited (OTCMKTS:GELYY) Expands By 321.6%

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

Wall Street Analysts Forecast Growth

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

Geely Automobile Stock Performance

Shares of GELYY stock traded down $0.11 during mid-day trading on Thursday, reaching $36.83. The company’s stock had a trading volume of 16,841 shares, compared to its average volume of 9,884. The firm’s 50-day moving average is $37.13 and its two-hundred day moving average is $30.55. Geely Automobile has a 1-year low of $18.48 and a 1-year high of $41.93. The company has a current ratio of 1.05, a quick ratio of 0.91 and a debt-to-equity ratio of 0.08.

Geely Automobile Company Profile

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.