Short Interest in China Yuchai International Limited (NYSE:CYD) Drops By 19.0%

China Yuchai International Limited (NYSE:CYD) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 158,100 shares, a drop of 19.0% from the February 28th total of 195,200 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily volume of 324,100 shares, the short-interest ratio is currently 0.5 days.

China Yuchai International Price Performance

Shares of NYSE:CYD traded up $0.79 during trading on Tuesday, reaching $17.78. 214,546 shares of the stock were exchanged, compared to its average volume of 106,790. China Yuchai International has a 1-year low of $7.95 and a 1-year high of $26.10. The stock has a fifty day moving average of $16.41 and a two-hundred day moving average of $12.69. The firm has a market cap of $4.80 million, a price-to-earnings ratio of 10.97 and a beta of 0.91.

Hedge Funds Weigh In On China Yuchai International

A number of hedge funds have recently added to or reduced their stakes in CYD. Shah Capital Management grew its holdings in China Yuchai International by 3.0% during the fourth quarter. Shah Capital Management now owns 4,345,471 shares of the company’s stock worth $41,412,000 after buying an additional 128,509 shares in the last quarter. Millennium Management LLC grew its stake in shares of China Yuchai International by 42.2% in the 4th quarter. Millennium Management LLC now owns 47,263 shares of the company’s stock worth $450,000 after acquiring an additional 14,030 shares in the last quarter. Verity Asset Management Inc. raised its holdings in shares of China Yuchai International by 19.5% in the fourth quarter. Verity Asset Management Inc. now owns 24,648 shares of the company’s stock valued at $235,000 after purchasing an additional 4,029 shares during the last quarter. Nomura Holdings Inc. bought a new position in shares of China Yuchai International during the fourth quarter valued at about $191,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in China Yuchai International by 299.5% in 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 in the last quarter.

Analyst Ratings Changes

Several analysts have recently commented on CYD shares. Greenridge Global downgraded shares of China Yuchai International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 26th. StockNews.com lowered shares of China Yuchai International from a “buy” rating to a “hold” rating in a report on Friday, February 28th.

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.