China Yuchai International Limited (NYSE:CYD) Short Interest Update

China Yuchai International Limited (NYSE:CYD) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totalling 10,400 shares, an increase of 116.7% from the August 31st total of 4,800 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 45,000 shares, the days-to-cover ratio is presently 0.2 days.

China Yuchai International Trading Up 0.3 %

CYD stock traded up $0.04 during trading hours on Friday, hitting $12.01. 29,590 shares of the stock traded hands, compared to its average volume of 25,177. The company has a current ratio of 1.59, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. The stock has a 50-day simple moving average of $10.89 and a 200 day simple moving average of $9.42. China Yuchai International has a one year low of $7.83 and a one year high of $13.05.

China Yuchai International Increases Dividend

The company also recently announced an annual dividend, which was paid on Wednesday, August 28th. Shareholders of record on Monday, August 19th were given a dividend of $0.38 per share. This is a positive change from China Yuchai International’s previous annual dividend of $0.28. The ex-dividend date of this dividend was Monday, August 19th. This represents a yield of 4.1%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of China Yuchai International in a research report on Friday, August 16th. They set a “strong-buy” rating on the stock.

Institutional Investors Weigh In On China Yuchai International

Several hedge funds and other institutional investors have recently made changes to their positions in CYD. Verity Asset Management Inc. bought a new stake in China Yuchai International in the 1st quarter valued at $175,000. Shah Capital Management lifted its stake in shares of China Yuchai International by 0.7% during the second quarter. Shah Capital Management now owns 4,221,152 shares of the company’s stock valued at $38,412,000 after acquiring an additional 28,380 shares during the period. Finally, Brandes Investment Partners LP grew its position in shares of China Yuchai International by 4.2% during the 2nd quarter. Brandes Investment Partners LP now owns 1,293,521 shares of the company’s stock worth $11,771,000 after buying an additional 51,953 shares during the period.

About China Yuchai International

China Yuchai International Limited, through its subsidiaries, manufactures, assembles, and sells diesel and natural gas engines for trucks, buses and passenger vehicles, marine, industrial, construction, agriculture, and generator set applications in the People’s Republic of China and internationally.