Short Interest in Geely Automobile Holdings Limited (OTCMKTS:GELYY) Rises By 321.6%

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

Analyst Ratings Changes

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

Geely Automobile Stock Performance

Shares of OTCMKTS GELYY traded up $0.75 during midday trading on Wednesday, hitting $35.50. The company’s stock had a trading volume of 11,468 shares, compared to its average volume of 11,259. Geely Automobile has a one year low of $18.48 and a one year high of $41.93. The stock has a fifty day moving average price of $36.94 and a 200 day moving average price of $29.47.

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.