China Yuchai International Limited (NYSE:CYD) Short Interest Up 29.2% in March

China Yuchai International Limited (NYSE:CYD) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 204,300 shares, an increase of 29.2% from the March 15th total of 158,100 shares. Based on an average daily trading volume, of 355,700 shares, the short-interest ratio is currently 0.6 days. Currently, 1.4% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nomura Holdings Inc. acquired a new stake in China Yuchai International during the 4th quarter worth about $191,000. Millennium Management LLC increased its holdings in 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 period. Verity Asset Management Inc. lifted its stake in China Yuchai International by 19.5% during the 4th 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. Shah Capital Management boosted its holdings in shares of China Yuchai International by 3.0% in the 4th quarter. Shah Capital Management now owns 4,345,471 shares of the company’s stock valued at $41,412,000 after acquiring an additional 128,509 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of China Yuchai International by 299.5% in the fourth 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 period.

Analysts Set New Price Targets

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

China Yuchai International Stock Performance

Shares of NYSE CYD opened at $14.11 on Monday. The company has a market cap of $3.81 million, a PE ratio of 8.71 and a beta of 0.92. The business has a 50-day simple moving average of $17.63 and a two-hundred day simple moving average of $12.99. China Yuchai International has a fifty-two week low of $7.95 and a fifty-two week high of $26.10.

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.