China Yuchai International Limited (NYSE:CYD) Sees Significant Decline in Short Interest

China Yuchai International Limited (NYSE:CYD) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totalling 1,800 shares, a drop of 14.3% from the March 15th total of 2,100 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 14,600 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of China Yuchai International from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CYD. Royal Bank of Canada increased its stake in shares of China Yuchai International by 1,245.3% in the first quarter. Royal Bank of Canada now owns 3,000 shares of the company’s stock worth $35,000 after buying an additional 2,777 shares during the period. Credit Suisse AG purchased a new position in shares of China Yuchai International in the second quarter worth $45,000. Citadel Advisors LLC purchased a new position in China Yuchai International during the 2nd quarter valued at $119,000. Tower Research Capital LLC TRC increased its position in China Yuchai International by 293.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,397 shares of the company’s stock valued at $25,000 after purchasing an additional 2,534 shares during the period. Finally, UBS Group AG increased its position in China Yuchai International by 2.3% during the 4th quarter. UBS Group AG now owns 95,400 shares of the company’s stock valued at $675,000 after purchasing an additional 2,182 shares during the period.

China Yuchai International Stock Down 1.1 %

Shares of NYSE CYD opened at $8.25 on Tuesday. China Yuchai International has a 52 week low of $7.31 and a 52 week high of $12.50. The firm’s fifty day moving average is $8.61 and its 200 day moving average is $8.75.

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, and agriculture applications in the People's Republic of China and internationally. It operates through two segments, Yuchai and HLGE.