Short Interest in China Yuchai International Limited (NYSE:CYD) Drops By 27.5%

China Yuchai International Limited (NYSE:CYDGet Rating) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 37,200 shares, a decline of 27.5% from the April 30th total of 51,300 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 28,200 shares, the days-to-cover ratio is currently 1.3 days.

A number of institutional investors have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans increased its holdings in China Yuchai International by 12.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 11,737 shares of the company’s stock worth $175,000 after acquiring an additional 1,317 shares in the last quarter. Wells Fargo & Company MN increased its holdings in China Yuchai International by 98.6% in the 4th quarter. Wells Fargo & Company MN now owns 3,822 shares of the company’s stock worth $57,000 after acquiring an additional 1,898 shares in the last quarter. Unison Advisors LLC increased its holdings in China Yuchai International by 12.4% in the 4th quarter. Unison Advisors LLC now owns 18,970 shares of the company’s stock worth $283,000 after acquiring an additional 2,100 shares in the last quarter. Royal Bank of Canada increased its holdings in China Yuchai International by 1,245.3% in the 1st quarter. Royal Bank of Canada now owns 3,000 shares of the company’s stock worth $35,000 after acquiring an additional 2,777 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased 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 acquiring an additional 3,555 shares in the last quarter. 21.00% of the stock is owned by institutional investors.

A number of equities analysts have weighed in on CYD shares. Greenridge Global decreased their target price on China Yuchai International from $23.00 to $17.00 in a research report on Friday, February 25th. StockNews.com assumed coverage on shares of China Yuchai International in a research note on Sunday. They issued a “hold” rating on the stock. Finally, Zacks Investment Research upgraded shares of China Yuchai International from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 27th.

Shares of NYSE:CYD traded up $0.24 during trading on Monday, hitting $10.60. The company’s stock had a trading volume of 226 shares, compared to its average volume of 26,874. The company has a 50-day moving average of $10.79 and a 200-day moving average of $12.00. China Yuchai International has a 12 month low of $8.70 and a 12 month high of $19.59. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.42 and a quick ratio of 1.01.

About China Yuchai International (Get Rating)

China Yuchai International Limited, through its subsidiaries, manufactures, assembles, and sells diesel and natural gas engines for trucks, buses and passenger vehicles, marine, industrial, and agriculture applications in the People's Republic of China and internationally. It operates through two segments, Yuchai and HLGE.

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