Geely Automobile Holdings Limited (OTCMKTS:GELYY) Sees Large Growth in Short Interest

Geely Automobile Holdings Limited (OTCMKTS:GELYY) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 15,600 shares, an increase of 321.6% from the December 15th total of 3,700 shares. Based on an average trading volume of 24,100 shares, the days-to-cover ratio is presently 0.6 days.

Analysts Set New Price Targets

Separately, Macquarie upgraded shares of Geely Automobile from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 14th.

Geely Automobile Trading Down 1.1 %

Shares of GELYY traded down $0.40 during mid-day trading on Monday, reaching $34.75. The company had a trading volume of 11,200 shares, compared to its average volume of 11,229. The company’s 50 day simple moving average is $37.04 and its 200 day simple moving average is $29.29. Geely Automobile has a 1-year low of $18.48 and a 1-year high of $41.93.

About Geely Automobile

Geely Automobile Holdings Limited, an investment holding company, operates as an automobile manufacturer primarily in the People’s Republic of China. The company engages in the research and development, production, marketing, and sale of passenger vehicles, automobile parts, and related automobile components, as well as provision of related after-sales and technical services.