Short Interest in Geely Automobile Holdings Limited (OTCMKTS:GELYY) Expands By 46.2%

Geely Automobile Holdings Limited (OTCMKTS:GELYY) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 5,700 shares, a growth of 46.2% from the October 15th total of 3,900 shares. Based on an average daily trading volume, of 31,500 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

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

Geely Automobile Stock Performance

Shares of GELYY stock traded down $1.99 on Friday, hitting $33.96. The company had a trading volume of 41,935 shares, compared to its average volume of 25,416. Geely Automobile has a twelve month low of $18.48 and a twelve month high of $39.02. The company has a 50-day moving average price of $31.67 and a 200-day moving average price of $25.77.

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.