China Yuchai International Limited (NYSE:CYD) Short Interest Update

China Yuchai International Limited (NYSE:CYD) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 13,500 shares, a growth of 95.7% from the May 31st total of 6,900 shares. Based on an average daily volume of 13,900 shares, the short-interest ratio is currently 1.0 days. Approximately 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On China Yuchai International

Hedge funds have recently modified their holdings of the company. Shah Capital Management increased its position in shares of China Yuchai International by 2.1% during the first quarter. Shah Capital Management now owns 4,192,772 shares of the company’s stock valued at $35,764,000 after acquiring an additional 84,265 shares during the last quarter. Verity Asset Management Inc. bought a new position in China Yuchai International in the 1st quarter valued at $175,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of China Yuchai International by 3.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 70,475 shares of the company’s stock valued at $712,000 after purchasing an additional 2,605 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on China Yuchai International in a research report on Friday. They set a “buy” rating on the stock.

China Yuchai International Stock Down 0.7 %

CYD opened at $9.10 on Friday. China Yuchai International has a fifty-two week low of $7.83 and a fifty-two week high of $12.50. The company’s 50-day moving average is $8.53 and its 200 day moving average is $8.53. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.59 and a quick ratio of 1.20.

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.