Short Interest in China Yuchai International Limited (NYSE:CYD) Drops By 8.9%

China Yuchai International Limited (NYSE:CYD) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totalling 15,400 shares, a decline of 8.9% from the June 30th total of 16,900 shares. Based on an average trading volume of 14,300 shares, the short-interest ratio is presently 1.1 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in China Yuchai International stock. Verity Asset Management Inc. acquired a new stake in China Yuchai International Limited (NYSE:CYD) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 20,522 shares of the company’s stock, valued at approximately $175,000. Verity Asset Management Inc. owned 7.60% of China Yuchai International as of its most recent filing with the Securities and Exchange Commission.

China Yuchai International Trading Up 3.2 %

Shares of CYD traded up $0.30 during mid-day trading on Thursday, reaching $9.61. 18,272 shares of the company’s stock were exchanged, compared to its average volume of 14,069. The business’s fifty day simple moving average is $9.03 and its 200-day simple moving average is $8.71. China Yuchai International has a 52-week low of $7.83 and a 52-week high of $12.50. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.59.

Analyst Ratings Changes

Separately, StockNews.com started coverage on China Yuchai International in a research report on Wednesday. They issued a “hold” rating for the company.

China Yuchai International Company Profile

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.