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

China Yuchai International Limited (NYSE:CYD) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 158,100 shares, a decline 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 company’s shares are short sold.

Institutional Investors Weigh In On China Yuchai International

A number of institutional investors and hedge funds have recently bought and sold shares of CYD. Shah Capital Management grew its stake 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 worth $41,412,000 after acquiring an additional 128,509 shares in the last quarter. Millennium Management LLC grew its position 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 purchasing an additional 14,030 shares in the last quarter. Verity Asset Management Inc. increased its stake in China Yuchai International by 19.5% in the 4th quarter. Verity Asset Management Inc. now owns 24,648 shares of the company’s stock valued at $235,000 after buying an additional 4,029 shares during the last quarter. Nomura Holdings Inc. bought a new position in shares of China Yuchai International during the 4th quarter worth approximately $191,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of 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 buying an additional 10,207 shares during the last quarter.

China Yuchai International Stock Performance

CYD traded down $1.26 during midday trading on Wednesday, reaching $16.45. 170,569 shares of the company were exchanged, compared to its average volume of 339,853. China Yuchai International has a one year low of $7.95 and a one year high of $26.10. The company’s fifty day moving average price is $16.52 and its 200 day moving average price is $12.73. The company has a market cap of $4.44 million, a price-to-earnings ratio of 10.15 and a beta of 0.91.

Analysts Set New Price Targets

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

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.