Geely Automobile Holdings Limited (OTCMKTS:GELYY) Sees Significant Growth in Short Interest

Geely Automobile Holdings Limited (OTCMKTS:GELYY) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 15,600 shares, an increase of 321.6% from the December 31st total of 3,700 shares. Based on an average daily volume of 24,100 shares, the short-interest ratio is presently 0.6 days.

Analysts Set New Price Targets

Separately, Macquarie upgraded Geely Automobile from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 14th.

Geely Automobile Stock Performance

Shares of GELYY traded down $0.19 during mid-day trading on Tuesday, hitting $36.94. The stock had a trading volume of 7,295 shares, compared to its average volume of 12,176. Geely Automobile has a fifty-two week low of $18.48 and a fifty-two week high of $41.93. The company’s fifty day simple moving average is $37.07 and its two-hundred day simple moving average is $30.51. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.05 and a quick ratio of 0.91.

Geely Automobile Company Profile

Geely Automobile Holdings Limited, an investment holding company, operates as an automobile manufacturer primarily in the People’s Republic of China. The company engages in the research and development, production, marketing, and sale of passenger vehicles, automobile parts, and related automobile components, as well as provision of related after-sales and technical services.