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

China Yuchai International Limited (NYSE:CYDGet Rating) was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 59,500 shares, a decline of 18.2% from the March 31st total of 72,700 shares. Based on an average trading volume of 25,000 shares, the short-interest ratio is presently 2.4 days. Currently, 0.4% of the shares of the company are sold short.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Thrivent Financial for Lutherans boosted its holdings in China Yuchai International by 12.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 11,737 shares of the company’s stock worth $175,000 after buying an additional 1,317 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of China Yuchai International by 98.6% during the 4th quarter. Wells Fargo & Company MN now owns 3,822 shares of the company’s stock valued at $57,000 after acquiring an additional 1,898 shares during the period. Unison Advisors LLC increased its stake in shares of China Yuchai International by 12.4% in the 4th quarter. Unison Advisors LLC now owns 18,970 shares of the company’s stock valued at $283,000 after purchasing an additional 2,100 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in China Yuchai International by 30.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 15,050 shares of the company’s stock worth $205,000 after purchasing an additional 3,555 shares during the period. Finally, Signaturefd LLC boosted its position in China Yuchai International by 340.7% during the fourth quarter. Signaturefd LLC now owns 5,742 shares of the company’s stock worth $86,000 after purchasing an additional 4,439 shares in the last quarter. Hedge funds and other institutional investors own 21.00% of the company’s stock.

Several analysts have recently commented on CYD shares. Zacks Investment Research raised shares of China Yuchai International from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 27th. Greenridge Global lowered their price target on shares of China Yuchai International from $23.00 to $17.00 in a report on Friday, February 25th. Finally, StockNews.com started coverage on China Yuchai International in a research note on Thursday. They set a “buy” rating for the company.

China Yuchai International stock opened at $10.33 on Friday. China Yuchai International has a 12 month low of $10.20 and a 12 month high of $19.59. The stock’s 50 day simple moving average is $11.30 and its two-hundred day simple moving average is $12.35. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.01 and a current ratio of 1.42.

About China Yuchai International (Get Rating)

China Yuchai International Limited, through its subsidiaries, manufactures, assembles, and sells diesel and natural gas engines in the People's Republic of China and internationally. It operates in two segments, Yuchai and HLGE. The company provides diesel engines comprising 4- and 6-cylinder diesel engines, high horsepower marine diesel engines, and power generator engines, as well as natural gas engines, diesel power generators, diesel engine parts, and remanufacturing services for light trucks, medium and heavy-duty trucks, buses and passenger vehicles, and marine and industrial applications; and generator sets, as well as plug in hybrid engines, range extenders, power generation powertrains, hybrid powertrains, integrated electric drive axel powertrains, and fuel cell systems.

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