Geely Automobile Holdings Limited (OTCMKTS:GELYY) Short Interest Update

Geely Automobile Holdings Limited (OTCMKTS:GELYY) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 19,400 shares, an increase of 240.4% from the October 31st total of 5,700 shares. Based on an average trading volume of 44,300 shares, the days-to-cover ratio is currently 0.4 days.

Analysts Set New Price Targets

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

Geely Automobile Stock Performance

OTCMKTS GELYY traded down $0.14 on Wednesday, reaching $33.27. The stock had a trading volume of 14,466 shares, compared to its average volume of 20,373. The firm has a fifty day moving average of $33.22 and a two-hundred day moving average of $26.22. Geely Automobile has a 1-year low of $18.48 and a 1-year high of $39.02.

About Geely Automobile

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.