Great Wall Motor Company Limited (OTCMKTS:GWLLF – Get Rating) saw a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 1,224,200 shares, a drop of 60.8% from the March 15th total of 3,126,400 shares. Based on an average daily trading volume, of 21,500 shares, the days-to-cover ratio is presently 56.9 days.
Great Wall Motor stock traded up $0.06 during midday trading on Friday, hitting $1.48. The company’s stock had a trading volume of 4,525 shares, compared to its average volume of 9,367. Great Wall Motor has a 1-year low of $1.40 and a 1-year high of $5.02. The company has a 50-day moving average price of $1.87 and a two-hundred day moving average price of $3.10.
Separately, JPMorgan Chase & Co. cut shares of Great Wall Motor from an “overweight” rating to a “neutral” rating in a research note on Friday, January 28th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Great Wall Motor presently has an average rating of “Buy”.
Great Wall Motor Company Limited researches and develops, manufactures, markets, and sells automobiles, and automotive parts and components in China, South Africa, Ecuador, Chile, Russia, Saudi Arabia, and internationally. The company offers pick-up trucks, SUVs, sedans, and energy vehicles primarily under the Haval, WEY, Great Wall Pickup, and ORA brand names; and unmanned vehicles.
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