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

China Yuchai International Limited (NYSE:CYD) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 195,200 shares, an increase of 2,857.6% from the February 13th total of 6,600 shares. Approximately 1.3% of the company’s shares are sold short. Based on an average daily trading volume, of 273,200 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CYD. Thurston Springer Miller Herd & Titak Inc. raised its holdings in China Yuchai International by 299.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 13,615 shares of the company’s stock worth $130,000 after purchasing an additional 10,207 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in shares of China Yuchai International during the 4th quarter worth approximately $191,000. Verity Asset Management Inc. grew its position in shares of 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 during the period. Millennium Management LLC grew its position in shares of 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 during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of China Yuchai International by 2.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,891 shares of the company’s stock worth $1,102,000 after buying an additional 1,842 shares during the period.

Wall Street Analysts Forecast Growth

CYD has been the subject of a number of research reports. StockNews.com lowered shares of China Yuchai International from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Greenridge Global lowered shares of China Yuchai International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 26th.

China Yuchai International Stock Performance

China Yuchai International stock opened at $21.68 on Thursday. China Yuchai International has a 52-week low of $7.95 and a 52-week high of $26.10. The firm has a 50 day moving average price of $14.00 and a two-hundred day moving average price of $11.94. The firm has a market cap of $5.85 million, a price-to-earnings ratio of 13.38 and a beta of 0.91.

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.