Short Interest in China Yuchai International Limited (NYSE:CYD) Drops By 38.5%

China Yuchai International Limited (NYSE:CYD) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 4,800 shares, a decrease of 38.5% from the August 15th total of 7,800 shares. Based on an average daily volume of 43,100 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Trading of China Yuchai International

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Verity Asset Management Inc. acquired a new stake in China Yuchai International during the 1st quarter worth about $175,000. Shah Capital Management raised its holdings in China Yuchai International by 0.7% during the 2nd quarter. Shah Capital Management now owns 4,221,152 shares of the company’s stock worth $38,412,000 after buying an additional 28,380 shares during the period. Finally, Brandes Investment Partners LP increased its holdings in shares of China Yuchai International by 4.2% in the 2nd quarter. Brandes Investment Partners LP now owns 1,293,521 shares of the company’s stock valued at $11,771,000 after purchasing an additional 51,953 shares during the period.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of China Yuchai International in a research report on Friday, August 16th. They issued a “strong-buy” rating on the stock.

China Yuchai International Price Performance

China Yuchai International stock traded down $0.04 during midday trading on Friday, hitting $11.97. The company’s stock had a trading volume of 31,101 shares, compared to its average volume of 25,006. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.59 and a quick ratio of 1.20. The stock’s 50-day moving average price is $10.29 and its 200-day moving average price is $9.17. China Yuchai International has a 12 month low of $7.83 and a 12 month high of $12.30.

China Yuchai International Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Wednesday, August 28th. Shareholders of record on Monday, August 19th were issued a dividend of $0.38 per share. This represents a yield of 4.1%. The ex-dividend date of this dividend was Monday, August 19th. This is an increase from China Yuchai International’s previous annual dividend of $0.28.

China Yuchai International Company Profile

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.