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

Key Points

• China Yuchai International Limited experienced a 25.2% increase in short interest in August, escalating to 430,000 shares from the previous total of 343,500 shares.
• Recent analyst reports show a split in ratings, with Wall Street Zen downgrading the stock from "strong-buy" to "buy", while Zacks Research upgraded it from "hold" to "strong-buy."
• The company's stock has fluctuated significantly, with a 12-month low of $8.61 and a high of $41.39, currently trading around $41.06.

China Yuchai International Limited (NYSE:CYD - Get Free Report) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 430,000 shares, a growth of 25.2% from the August 15th total of 343,500 shares. Based on an average daily volume of 250,800 shares, the days-to-cover ratio is currently 1.7 days. Approximately 3.1% of the shares of the company are sold short. Approximately 3.1% of the shares of the company are sold short. Based on an average daily volume of 250,800 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Investors Weigh In On China Yuchai International

A number of hedge funds have recently modified their holdings of the stock. E Fund Management Co. Ltd. purchased a new position in China Yuchai International during the second quarter worth about $206,000. BNP Paribas Financial Markets purchased a new position in shares of China Yuchai International in the 2nd quarter worth about $1,109,000. Bank of America Corp DE purchased a new position in shares of China Yuchai International in the second quarter worth $384,000. Lighthouse Investment Partners LLC bought a new stake in China Yuchai International in the 2nd quarter worth approximately $4,307,000. Finally, Jump Financial LLC bought a new position in China Yuchai International in the second quarter worth approximately $891,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CYD shares. Wall Street Zen cut shares of China Yuchai International from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 13th. Zacks Research upgraded China Yuchai International from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy".

China Yuchai International Trading Up 1.2%

CYD traded up $0.47 during trading on Friday, hitting $39.79. The company's stock had a trading volume of 226,868 shares, compared to its average volume of 279,422. The company has a quick ratio of 1.20, a current ratio of 1.55 and a debt-to-equity ratio of 0.05. The stock's fifty day moving average price is $29.79 and its 200-day moving average price is $22.46. China Yuchai International has a twelve month low of $8.61 and a twelve month high of $41.50. The firm has a market capitalization of $1.49 billion, a P/E ratio of 24.56 and a beta of 1.03.

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.