China Yuchai International Limited (NYSE:CYD – Get Free Report) was the recipient of a large 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 daily volume of 14,300 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.1% of the company’s shares are short sold.
Analyst Upgrades and Downgrades
Separately, StockNews.com assumed coverage on China Yuchai International in a report on Wednesday. They set a “hold” rating for the company.
Read Our Latest Stock Analysis on CYD
China Yuchai International Price Performance
Institutional Trading of China Yuchai International
A hedge fund recently raised its stake in China Yuchai International stock. Shah Capital Management increased its holdings in shares of China Yuchai International Limited (NYSE:CYD – Free Report) by 0.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,108,507 shares of the company’s stock after purchasing an additional 17,071 shares during the quarter. China Yuchai International accounts for 8.8% of Shah Capital Management’s holdings, making the stock its 5th biggest position. Shah Capital Management owned approximately 10.06% of China Yuchai International worth $34,429,000 as of its most recent SEC filing.
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.
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