Short Interest in Dongfeng Motor Group Co. (OTCMKTS:DNFGY) Drops By 66.7%

Key Points

• Short interest in Dongfeng Motor Group Co. has dropped by 66.7%, totaling just 100 shares as of August 31st, down from 300 shares on August 15th.
• Hsbc Global Res has upgraded Dongfeng Motor Group’s stock rating to "strong-buy", contributing to a current consensus rating of "Strong Buy".
• Dongfeng Motor's stock opened at $58.75 and has experienced a one-year price range from a low of $11.36 to a high of $63.47.

Dongfeng Motor Group Co. (OTCMKTS:DNFGY - Get Free Report) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 100 shares, a decline of 66.7% from the August 15th total of 300 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 1,500 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 1,500 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Hsbc Global Res raised shares of Dongfeng Motor Group to a "strong-buy" rating in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company currently has a consensus rating of "Strong Buy".

Dongfeng Motor Group Stock Performance

Shares of OTCMKTS DNFGY opened at $58.75 on Friday. Dongfeng Motor Group has a one year low of $11.36 and a one year high of $63.47. The firm has a fifty day moving average of $37.35 and a 200 day moving average of $30.01. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.22 and a quick ratio of 1.12.

About Dongfeng Motor Group

Dongfeng Motor Group Company Limited engages in the research, development, manufacture, and sale of commercial and passenger vehicles, engines, and other auto parts in the People's Republic of China. It operates in four segments: Commercial Vehicles, Passenger Vehicles, Financing Service, and Corporate and Others.

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