China Yuchai International Limited (NYSE:CYD) Short Interest Update

China Yuchai International Limited (NYSE:CYD) saw a significant decline in short interest in May. As of May 15th, there was short interest totalling 149,400 shares, a decline of 43.3% from the April 30th total of 263,400 shares. Based on an average daily volume of 386,200 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.1% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wall Street Zen downgraded China Yuchai International from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Greenridge Global downgraded China Yuchai International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 26th.

China Yuchai International Price Performance

Shares of CYD opened at $17.10 on Monday. The company has a market capitalization of $641.56 million, a P/E ratio of 10.56 and a beta of 0.91. China Yuchai International has a one year low of $8.13 and a one year high of $26.10. The business’s 50 day simple moving average is $16.14 and its 200-day simple moving average is $14.05.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Verity Asset Management Inc. lifted its holdings in China Yuchai International by 19.5% during the 4th quarter. Verity Asset Management Inc. now owns 24,648 shares of the company’s stock worth $235,000 after buying an additional 4,029 shares in the last quarter. Millennium Management LLC lifted its holdings in China Yuchai International by 42.2% during the 4th quarter. Millennium Management LLC now owns 47,263 shares of the company’s stock worth $450,000 after buying an additional 14,030 shares in the last quarter. Nomura Holdings Inc. acquired a new position in China Yuchai International during the 4th quarter worth $191,000. Ariose Capital Management Ltd acquired a new position in China Yuchai International during the 1st quarter worth $3,383,000. Finally, Pinpoint Asset Management Ltd acquired a new position in China Yuchai International during the 1st quarter worth $3,382,000.

About China Yuchai International

China Yuchai International Limited, through its subsidiaries, manufactures, assembles, and sells diesel and natural gas engines for trucks, buses and passenger vehicles, marine, industrial, construction, agriculture, and generator set applications in the People’s Republic of China and internationally.