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

China Yuchai International Limited (NYSE:CYD – Get Rating) saw a large drop in short interest in the month of December. As of December 30th, there was short interest totalling 14,200 shares, a drop of 6.0% from the December 15th total of 15,100 shares. Based on an average trading volume of 19,400 shares, the short-interest ratio is currently 0.7 days. Approximately 0.1% of the shares of the company are sold short.

China Yuchai International Trading Down 0.7 %

Shares of NYSE CYD opened at $8.94 on Tuesday. China Yuchai International has a 52 week low of $6.73 and a 52 week high of $14.24. The firm has a 50-day moving average price of $7.70 and a 200 day moving average price of $7.88.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of China Yuchai International in a research note on Tuesday, January 10th. They issued a “hold” rating for the company.

Institutional Trading of China Yuchai International

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Shah Capital Management lifted its stake in shares of China Yuchai International by 5.0% in the fourth quarter. Shah Capital Management now owns 4,095,793 shares of the company’s stock valued at $28,977,000 after purchasing an additional 195,111 shares during the period. Shell Asset Management Co. increased its holdings in China Yuchai International by 36.8% during the 3rd quarter. Shell Asset Management Co. now owns 14,383 shares of the company’s stock valued at $105,000 after acquiring an additional 3,869 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in China Yuchai International by 293.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,397 shares of the company’s stock valued at $25,000 after acquiring an additional 2,534 shares in the last quarter. Citadel Advisors LLC purchased a new position in China Yuchai International during the 2nd quarter valued at about $119,000. Finally, Credit Suisse AG purchased a new position in China Yuchai International during the 2nd quarter valued at about $45,000. Institutional investors and hedge funds own 19.69% of the company’s stock.

China Yuchai International Company Profile

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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.