Short Interest in China Yuchai International Limited (NYSE:CYD) Declines By 8.9%

China Yuchai International Limited (NYSE:CYD) saw a significant decrease in short interest in July. As of July 15th, there was short interest totalling 15,400 shares, a decrease of 8.9% from the June 30th total of 16,900 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 14,300 shares, the short-interest ratio is presently 1.1 days.

Institutional Investors Weigh In On China Yuchai International

A hedge fund recently raised its stake in China Yuchai International stock. Shah Capital Management increased its position in China Yuchai International Limited (NYSE:CYD) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,108,507 shares of the company’s stock after purchasing an additional 17,071 shares during the quarter. China Yuchai International accounts for 8.8% of Shah Capital Management’s portfolio, making the stock its 5th largest position. Shah Capital Management owned 10.06% of China Yuchai International worth $34,429,000 at the end of the most recent quarter.

China Yuchai International Stock Performance

Shares of China Yuchai International stock traded up $0.30 during trading hours on Thursday, hitting $9.61. The company’s stock had a trading volume of 18,272 shares, compared to its average volume of 14,069. China Yuchai International has a 1-year low of $7.83 and a 1-year high of $12.50. The business has a fifty day moving average of $9.03 and a 200 day moving average of $8.71. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.59 and a quick ratio of 1.20.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of China Yuchai International in a research report on Wednesday. They issued a “hold” rating for the company.

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.