Short Interest in Geely Automobile Holdings Ltd. (OTCMKTS:GELYY) Rises By 2,785.7%

Key Points

• Short interest in Geely Automobile Holdings Ltd. surged by 2,785.7% in July, increasing from 1,400 shares to 40,400 shares, indicating growing bearish sentiment among investors.
• Geely's stock price fell by 3.0% to $48.10, with a trading volume significantly lower than its average.
• The company recently increased its dividend to $0.773 per share, reflecting a yield of 167.0%, a notable jump from its previous dividend of $0.02.

Geely Automobile Holdings Ltd. (OTCMKTS:GELYY - ) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 40,400 shares, anincreaseof2,785.7% from the July 15th total of 1,400 shares. Approximately0.0% of the company's stock are sold short. Based on an average trading volume of 40,800 shares, the short-interest ratio is currently 1.0 days. Based on an average trading volume of 40,800 shares, the short-interest ratio is currently 1.0 days. Approximately0.0% of the company's stock are sold short.

Geely Automobile Stock Down 3.0%

GELYY stock traded down $1.49 during trading on Thursday, reaching $48.10. The stock had a trading volume of 5,550 shares, compared to its average volume of 15,407. The company's 50 day moving average is $44.79 and its two-hundred day moving average is $43.96. The company has a current ratio of 0.93, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14. Geely Automobile has a one year low of $19.60 and a one year high of $53.00.

Geely Automobile Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, August 11th. Shareholders of record on Friday, June 13th were paid a dividend of $0.773 per share. This represents a yield of 167.0%. The ex-dividend date was Thursday, June 12th. This is a positive change from Geely Automobile's previous dividend of $0.02.

About Geely Automobile

Geely Automobile Holdings Limited, an investment holding company, operates as an automobile manufacturer primarily in the People's Republic of China. The company engages in the research and development, production, marketing, and sale of passenger vehicles, automobile parts, and related automobile components, as well as provision of related after-sales and technical services.

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