Geely Automobile Holdings Limited (OTCMKTS:GELYY) Sees Large Decline in Short Interest

Geely Automobile Holdings Limited (OTCMKTS:GELYY) saw a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 14,100 shares, a decrease of 27.3% from the November 15th total of 19,400 shares. Based on an average daily volume of 36,900 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analyst Weigh In

Separately, Macquarie raised Geely Automobile from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 14th.

Geely Automobile Price Performance

Geely Automobile stock traded down $1.59 during trading on Friday, reaching $39.19. The company had a trading volume of 11,511 shares, compared to its average volume of 25,195. Geely Automobile has a 12-month low of $18.48 and a 12-month high of $41.22. The stock’s 50 day moving average price is $35.53 and its two-hundred day moving average price is $27.27.

About Geely Automobile

Geely Automobile Holdings Limited, an investment holding company, operates as an automobile manufacturer primarily in the People’s Republic of China. The company engages in the research and development, production, marketing, and sale of passenger vehicles, automobile parts, and related automobile components, as well as provision of related after-sales and technical services.