China Yuchai International Limited (NYSE:CYD) Short Interest Down 19.0% in March

China Yuchai International Limited (NYSE:CYD) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 158,100 shares, a decrease of 19.0% from the February 28th total of 195,200 shares. Based on an average daily volume of 324,100 shares, the days-to-cover ratio is currently 0.5 days. Currently, 1.1% of the shares of the company are sold short.

Analyst Ratings Changes

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

China Yuchai International Stock Performance

China Yuchai International stock opened at $16.79 on Monday. China Yuchai International has a 52 week low of $7.95 and a 52 week high of $26.10. The firm has a market capitalization of $4.53 million, a PE ratio of 10.37 and a beta of 0.91. The business’s 50-day simple moving average is $16.27 and its 200-day simple moving average is $12.66.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CYD. Verity Asset Management Inc. boosted 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 valued at $235,000 after acquiring an additional 4,029 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake in China Yuchai International by 299.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 13,615 shares of the company’s stock valued at $130,000 after purchasing an additional 10,207 shares during the last quarter. Millennium Management LLC raised its stake in China Yuchai International by 42.2% during the 4th quarter. Millennium Management LLC now owns 47,263 shares of the company’s stock valued at $450,000 after purchasing an additional 14,030 shares during the last quarter. Nomura Holdings Inc. bought a new stake in China Yuchai International in the 4th quarter valued at $191,000. Finally, Shah Capital Management grew its position in China Yuchai International by 3.0% in the 4th quarter. Shah Capital Management now owns 4,345,471 shares of the company’s stock worth $41,412,000 after purchasing an additional 128,509 shares during the last quarter.

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.