China Yuchai International Limited (NYSE:CYD) Short Interest Up 53.3% in February

China Yuchai International Limited (NYSE:CYD) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 182,901 shares, an increase of 53.3% from the February 12th total of 119,291 shares. Based on an average daily trading volume, of 362,345 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.5% of the company’s stock are sold short. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 362,345 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

CYD has been the topic of several recent research reports. UBS Group assumed coverage on China Yuchai International in a research report on Tuesday, January 6th. They set 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. Zacks Research raised shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of China Yuchai International in a research note on Monday, December 22nd. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $60.00.

China Yuchai International Stock Performance

Shares of CYD traded down $0.61 during trading on Friday, reaching $41.48. The company’s stock had a trading volume of 103,268 shares, compared to its average volume of 278,846. The company has a fifty day moving average of $46.12 and a two-hundred day moving average of $40.03. China Yuchai International has a twelve month low of $12.66 and a twelve month high of $56.55.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. State of Wyoming increased its holdings in China Yuchai International by 9.8% in the fourth quarter. State of Wyoming now owns 4,956 shares of the company’s stock valued at $176,000 after buying an additional 443 shares during the last quarter. Personal CFO Solutions LLC lifted its holdings in China Yuchai International by 5.3% during the 4th quarter. Personal CFO Solutions LLC now owns 10,275 shares of the company’s stock worth $365,000 after buying an additional 513 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in China Yuchai International during the 3rd quarter worth approximately $28,000. AdvisorShares Investments LLC grew its position in shares of China Yuchai International by 1.7% in the 4th quarter. AdvisorShares Investments LLC now owns 43,852 shares of the company’s stock worth $1,557,000 after acquiring an additional 752 shares in the last quarter. Finally, Global Retirement Partners LLC bought a new stake in shares of China Yuchai International in the 3rd quarter valued at approximately $42,000.

China Yuchai International Company Profile

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.