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

China Yuchai International Limited (NYSE:CYD) was the target of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 9,200 shares, a growth of 135.9% from the November 15th total of 3,900 shares. Based on an average daily volume of 19,100 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On China Yuchai International

Several hedge funds have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. lifted its position in China Yuchai International by 2.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,891 shares of the company’s stock worth $1,102,000 after purchasing an additional 1,842 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of China Yuchai International during the 3rd quarter worth about $43,000. Brandes Investment Partners LP lifted its holdings in shares of China Yuchai International by 4.2% during the 2nd quarter. Brandes Investment Partners LP now owns 1,293,521 shares of the company’s stock worth $11,771,000 after acquiring an additional 51,953 shares during the period. Finally, Shah Capital Management boosted its position in shares of China Yuchai International by 0.7% during the 2nd quarter. Shah Capital Management now owns 4,221,152 shares of the company’s stock valued at $38,412,000 after acquiring an additional 28,380 shares in the last quarter.

Analysts Set New Price Targets

Separately, StockNews.com downgraded China Yuchai International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 12th.

China Yuchai International Price Performance

Shares of China Yuchai International stock opened at $9.29 on Friday. The firm has a fifty day moving average price of $10.59 and a two-hundred day moving average price of $10.29. China Yuchai International has a fifty-two week low of $7.85 and a fifty-two week high of $13.05.

China Yuchai International Company Profile

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.