China Yuchai International Limited (NYSE:CYD) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 21,000 shares, a growth of 15.4% from the December 15th total of 18,200 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 44,900 shares, the short-interest ratio is presently 0.5 days.
CYD has been the topic of a number of research analyst reports. Zacks Investment Research cut China Yuchai International from a “hold” rating to a “strong sell” rating in a research report on Monday, November 18th. ValuEngine upgraded China Yuchai International from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Shah Capital Management grew its holdings in shares of 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 buying an additional 22,597 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of China Yuchai International by 16.4% during the second quarter. Renaissance Technologies LLC now owns 430,214 shares of the company’s stock worth $6,449,000 after buying an additional 60,500 shares during the last quarter. Arnhold LLC grew its holdings in shares of 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 buying an additional 8,100 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in shares of China Yuchai International during the second quarter worth about $2,643,000. Finally, California Public Employees Retirement System grew its holdings in shares of China Yuchai International by 64.0% during the third quarter. California Public Employees Retirement System now owns 106,509 shares of the company’s stock worth $1,379,000 after buying an additional 41,573 shares during the last quarter. 23.43% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE CYD traded up $0.05 during midday trading on Tuesday, reaching $13.23. 39,600 shares of the company were exchanged, compared to its average volume of 30,911. China Yuchai International has a 1 year low of $12.41 and a 1 year high of $19.95. The stock has a fifty day simple moving average of $13.47 and a 200 day simple moving average of $13.66. The stock has a market cap of $538.54 million, a P/E ratio of 5.33 and a beta of 1.80.
China Yuchai International (NYSE:CYD) last released its quarterly earnings results on Wednesday, November 13th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 company had revenue of $467.73 million for the quarter, compared to analysts’ expectations of $574.31 million. During the same period in the prior year, the business earned $0.46 EPS. As a group, equities research analysts predict that China Yuchai International will post 1.7 earnings per share for the current year.
About China Yuchai International
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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