China Yuchai International Limited (NYSE:CYD) Short Interest Update

China Yuchai International Limited (NYSE:CYD) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 430,000 shares, a growth of 25.2% from the August 15th total of 343,500 shares. Currently, 3.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 250,800 shares, the days-to-cover ratio is presently 1.7 days. Based on an average daily trading volume, of 250,800 shares, the days-to-cover ratio is presently 1.7 days. Currently, 3.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On China Yuchai International

A number of institutional investors have recently made changes to their positions in CYD. Ariose Capital Management Ltd acquired a new position in shares of China Yuchai International in the first quarter worth $3,383,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in shares of China Yuchai International in the second quarter worth $4,759,000. Pinpoint Asset Management Ltd acquired a new position in shares of China Yuchai International in the first quarter worth $3,382,000. Lighthouse Investment Partners LLC acquired a new position in shares of China Yuchai International in the second quarter worth $4,307,000. Finally, Jane Street Group LLC purchased a new stake in shares of China Yuchai International in the first quarter valued at $1,409,000.

China Yuchai International Stock Performance

NYSE CYD opened at $39.37 on Friday. China Yuchai International has a fifty-two week low of $8.61 and a fifty-two week high of $41.50. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 24.30 and a beta of 1.03. The business has a fifty day moving average of $29.49 and a 200-day moving average of $22.32. The company has a quick ratio of 1.20, a current ratio of 1.55 and a debt-to-equity ratio of 0.05.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Zacks Research raised China Yuchai International from a “hold” rating to a “strong-buy” rating in a report on Friday, August 15th. Wall Street Zen cut China Yuchai International from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy”.

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.