China Yuchai International Limited (NYSE:CYD) Sees Large Growth in Short Interest

China Yuchai International Limited (NYSE:CYD) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 61,500 shares, a growth of 29.2% from the July 31st total of 47,600 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 45,800 shares, the short-interest ratio is currently 1.3 days.

CYD has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of China Yuchai International from a “hold” rating to a “sell” rating in a research note on Friday, August 16th. TheStreet raised shares of China Yuchai International from a “c” rating to a “b-” rating in a research note on Tuesday, May 28th.

NYSE CYD traded up $0.02 during mid-day trading on Thursday, reaching $13.44. 34,600 shares of the stock were exchanged, compared to its average volume of 43,655. China Yuchai International has a one year low of $12.00 and a one year high of $19.95. The stock has a 50 day simple moving average of $13.51 and a 200-day simple moving average of $15.21. The stock has a market cap of $555.67 million, a P/E ratio of 5.42 and a beta of 1.81.



China Yuchai International (NYSE:CYD) last announced its earnings results on Tuesday, August 13th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.20). China Yuchai International had a return on equity of 25.57% and a net margin of 4.35%. The firm had revenue of $707.18 million for the quarter, compared to the consensus estimate of $632.96 million. During the same period in the prior year, the business earned $0.47 EPS. Sell-side analysts expect that China Yuchai International will post 2.11 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in CYD. Nuveen Asset Management LLC bought a new position in China Yuchai International during the second quarter worth $2,643,000. Brandes Investment Partners LP increased its stake in China Yuchai International by 9.8% in the second quarter. Brandes Investment Partners LP now owns 1,414,865 shares of the company’s stock valued at $21,209,000 after purchasing an additional 125,762 shares in the last quarter. AJO LP increased its stake in China Yuchai International by 260.9% in the first quarter. AJO LP now owns 154,707 shares of the company’s stock valued at $2,452,000 after purchasing an additional 111,838 shares in the last quarter. Renaissance Technologies LLC increased its stake in China Yuchai International by 16.4% in the second quarter. Renaissance Technologies LLC now owns 430,214 shares of the company’s stock valued at $6,449,000 after purchasing an additional 60,500 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in China Yuchai International by 5,265.4% in the fourth quarter. Deutsche Bank AG now owns 40,670 shares of the company’s stock valued at $505,000 after purchasing an additional 39,912 shares in the last quarter. 24.83% of the stock is owned by institutional investors and hedge funds.

China Yuchai International Company Profile

China Yuchai International Limited, through its subsidiaries, manufactures and sells diesel and natural gas engines in the People's Republic of China and internationally. It operates in two segments, Yuchai and HLGE. The company provides diesel and natural gas engines for light trucks, medium and heavy-duty trucks, buses and passenger vehicles, and marine and industrial applications; and generator sets.

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