China Yuchai International Limited (NYSE:CYD) Sees Large Increase in Short Interest

China Yuchai International Limited (NYSE:CYD) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 182,901 shares, a growth of 53.3% from the February 12th total of 119,291 shares. Based on an average daily volume of 362,345 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.5% of the shares of the company are short sold. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 362,345 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CYD. Weiss Ratings reiterated a “hold (c+)” rating on shares of China Yuchai International in a research note on Monday, December 22nd. UBS Group assumed coverage on shares of China Yuchai International in a research report on Tuesday, January 6th. They issued a “buy” rating and a $60.00 price target on the stock. Wall Street Zen downgraded shares of China Yuchai International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 28th. Finally, Zacks Research upgraded shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $60.00.

Hedge Funds Weigh In On China Yuchai International

Several hedge funds and other institutional investors have recently modified their holdings of the company. UBS Group AG grew its position in shares of China Yuchai International by 752.8% during the third quarter. UBS Group AG now owns 849,464 shares of the company’s stock worth $35,142,000 after acquiring an additional 749,861 shares during the last quarter. Millennium Management LLC boosted its stake in China Yuchai International by 157.3% during the 3rd quarter. Millennium Management LLC now owns 720,231 shares of the company’s stock valued at $29,796,000 after purchasing an additional 440,278 shares during the period. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in China Yuchai International in the 2nd quarter worth about $4,759,000. Lighthouse Investment Partners LLC bought a new position in China Yuchai International in the 2nd quarter worth about $4,307,000. Finally, Tudor Investment Corp ET AL increased its stake in shares of China Yuchai International by 545.9% in the third quarter. Tudor Investment Corp ET AL now owns 154,425 shares of the company’s stock valued at $6,389,000 after purchasing an additional 130,515 shares during the period.

China Yuchai International Trading Down 1.4%

NYSE:CYD traded down $0.61 during midday trading on Friday, reaching $41.48. 103,268 shares of the company traded hands, compared to its average volume of 278,846. China Yuchai International has a twelve month low of $12.66 and a twelve month high of $56.55. The company has a fifty day moving average price of $46.12 and a 200 day moving average price of $40.03.

About China Yuchai International

China Yuchai International Ltd. (NYSE: CYD) is a Cayman Islands–incorporated holding company with principal executive offices in Singapore. Through its subsidiaries, the company is a leading manufacturer and distributor of diesel engines in the People’s Republic of China. Its principal operating subsidiary, Guangxi Yuchai Machinery Company Limited (GYMCL), has been producing diesel engines since 1951 and ranks among the country’s largest heavy-duty engine makers.

The company’s core product portfolio includes high-speed and medium-speed diesel engines for on-highway trucks and buses, off-road vehicles such as construction and agricultural machinery, marine propulsion systems, and power generator sets.