Geely Automobile Holdings Limited (OTCMKTS:GELYY) Short Interest Up 46.2% in October

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

Geely Automobile Stock Down 5.5 %

Shares of GELYY stock traded down $1.99 during midday trading on Friday, reaching $33.96. 41,935 shares of the company were exchanged, compared to its average volume of 25,416. Geely Automobile has a 12 month low of $18.48 and a 12 month high of $39.02. The company’s 50 day moving average price is $31.67 and its two-hundred day moving average price is $25.77.

Wall Street Analyst Weigh In

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

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.