Geely Automobile Holdings Limited (OTCMKTS:GELYY) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 23,000 shares, a growth of 49.4% from the March 15th total of 15,400 shares. Based on an average daily volume of 36,500 shares, the short-interest ratio is currently 0.6 days.
Separately, Zacks Investment Research cut Geely Automobile from a “buy” rating to a “strong sell” rating in a report on Friday, March 26th.
Geely Automobile stock traded up $3.90 during midday trading on Friday, reaching $56.28. 33,363 shares of the company’s stock were exchanged, compared to its average volume of 33,457. Geely Automobile has a 52 week low of $27.51 and a 52 week high of $88.76. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.07 and a current ratio of 1.17. The firm has a market cap of $27.63 billion, a price-to-earnings ratio of 21.56 and a beta of 1.27. The stock’s 50-day simple moving average is $57.99 and its 200 day simple moving average is $60.30.
Geely Automobile Holdings Limited, an investment holding company, operates as an automobile manufacturer. The company engages in the research and development, production, marketing, and sale of automobiles, automobile parts, and related automobile components, as well as provision of related after-sales and technical services.
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