Short Interest in Geely Automobile Holdings Limited (OTCMKTS:GELYY) Decreases By 55.1%

Geely Automobile Holdings Limited (OTCMKTS:GELYY) saw a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 3,500 shares, a decrease of 55.1% from the January 31st total of 7,800 shares. Based on an average daily volume of 51,200 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

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

Geely Automobile Stock Down 6.2 %

OTCMKTS GELYY traded down $2.98 on Friday, hitting $45.36. The company had a trading volume of 22,414 shares, compared to its average volume of 17,223. 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 has a 12-month low of $18.48 and a 12-month high of $48.85. The company’s fifty day moving average price is $39.68 and its 200-day moving average price is $34.10.

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.