Short Interest in China Yuchai International Limited (NYSE:CYD) Declines By 17.5%

China Yuchai International Limited (NYSE:CYD) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 15,100 shares, a drop of 17.5% from the August 15th total of 18,300 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 29,700 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On China Yuchai International

Several hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its holdings in China Yuchai International by 293.6% in the third quarter. Tower Research Capital LLC TRC now owns 3,397 shares of the company’s stock valued at $25,000 after buying an additional 2,534 shares in the last quarter. Royal Bank of Canada lifted its position in China Yuchai International by 1,245.3% during the 1st quarter. Royal Bank of Canada now owns 3,000 shares of the company’s stock worth $35,000 after acquiring an additional 2,777 shares during the period. Credit Suisse AG acquired a new position in shares of China Yuchai International in the second quarter valued at approximately $45,000. Moran Wealth Management LLC purchased a new stake in shares of China Yuchai International during the second quarter worth approximately $112,000. Finally, Citadel Advisors LLC purchased a new position in China Yuchai International in the 2nd quarter valued at $119,000.

China Yuchai International Stock Up 0.3 %

China Yuchai International stock traded up $0.03 during midday trading on Tuesday, reaching $10.66. 14,352 shares of the stock traded hands, compared to its average volume of 25,942. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.52 and a quick ratio of 1.08. China Yuchai International has a 12 month low of $6.73 and a 12 month high of $12.50. The stock’s fifty day moving average is $11.02 and its 200-day moving average is $9.30.

China Yuchai International Cuts Dividend

The business also recently announced an annual dividend, which was paid on Monday, August 7th. Investors of record on Monday, July 31st were issued a dividend of $0.28 per share. This represents a yield of 2.56%. The ex-dividend date was Friday, July 28th.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on China Yuchai International in a research report on Thursday, August 17th. They set a “buy” rating on the stock.

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.