China Yuchai International Limited (NYSE:CYD) Short Interest Up 2,857.6% in February

China Yuchai International Limited (NYSE:CYD) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 195,200 shares, a growth of 2,857.6% from the February 13th total of 6,600 shares. Based on an average daily volume of 273,200 shares, the short-interest ratio is presently 0.7 days. Approximately 1.3% of the shares of the company are sold short.

Institutional Trading of China Yuchai International

Hedge funds and other institutional investors have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. increased its stake in China Yuchai International by 299.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 13,615 shares of the company’s stock worth $130,000 after acquiring an additional 10,207 shares during the last quarter. Nomura Holdings Inc. bought a new position in shares of China Yuchai International in the fourth quarter worth approximately $191,000. Verity Asset Management Inc. increased its position in shares of China Yuchai International by 19.5% in the fourth quarter. Verity Asset Management Inc. now owns 24,648 shares of the company’s stock worth $235,000 after purchasing an additional 4,029 shares during the last quarter. Millennium Management LLC increased its holdings in shares of China Yuchai International by 42.2% in the 4th quarter. Millennium Management LLC now owns 47,263 shares of the company’s stock worth $450,000 after buying an additional 14,030 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of China Yuchai International by 2.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,891 shares of the company’s stock worth $1,102,000 after buying an additional 1,842 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. StockNews.com cut shares of China Yuchai International from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Greenridge Global lowered China Yuchai International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 26th.

China Yuchai International Price Performance

Shares of CYD stock opened at $20.45 on Friday. The company’s fifty day simple moving average is $14.20 and its two-hundred day simple moving average is $11.99. China Yuchai International has a 1 year low of $7.95 and a 1 year high of $26.10. The stock has a market capitalization of $5.52 million, a price-to-earnings ratio of 12.62 and a beta of 0.91.

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.