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

China Yuchai International Limited (NYSE:CYD) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 25,200 shares, an increase of 20.0% from the January 15th total of 21,000 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 46,900 shares, the days-to-cover ratio is currently 0.5 days.

A number of equities analysts recently commented on the company. TheStreet cut China Yuchai International from a “b-” rating to a “c+” rating in a report on Thursday, January 30th. Zacks Investment Research upgraded China Yuchai International from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th.

China Yuchai International stock traded up $0.01 during midday trading on Friday, reaching $12.84. 24,584 shares of the company’s stock were exchanged, compared to its average volume of 30,358. China Yuchai International has a 52 week low of $12.41 and a 52 week high of $19.95. The firm has a market cap of $527.07 million, a price-to-earnings ratio of 6.15 and a beta of 1.82. The stock’s 50-day simple moving average is $13.26 and its 200 day simple moving average is $13.40.

China Yuchai International (NYSE:CYD) last posted its quarterly earnings results on Wednesday, November 13th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.28). China Yuchai International had a return on equity of 22.79% and a net margin of 3.87%. The business had revenue of $467.73 million for the quarter, compared to the consensus estimate of $574.31 million. During the same quarter in the previous year, the business posted $0.46 EPS. On average, sell-side analysts expect that China Yuchai International will post 1.7 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of CYD. Nuveen Asset Management LLC bought a new position in China Yuchai International during the second quarter worth about $2,643,000. Atria Investments LLC bought a new position in China Yuchai International during the second quarter worth about $251,000. Campbell & CO Investment Adviser LLC bought a new position in China Yuchai International during the third quarter worth about $229,000. Shah Capital Management grew its holdings in China Yuchai International by 0.7% during the third quarter. Shah Capital Management now owns 3,485,104 shares of the company’s stock worth $45,132,000 after purchasing an additional 22,597 shares during the period. Finally, Arnhold LLC grew its holdings in China Yuchai International by 2.8% during the third quarter. Arnhold LLC now owns 293,100 shares of the company’s stock worth $3,796,000 after purchasing an additional 8,100 shares during the period. Institutional investors and hedge funds own 23.59% of the company’s stock.

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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