Geely Automobile Holdings Limited (OTCMKTS:GELYY – Get Free Report) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 19,400 shares, a growth of 240.4% from the October 31st total of 5,700 shares. Based on an average daily volume of 44,300 shares, the days-to-cover ratio is currently 0.4 days.
Geely Automobile Trading Up 1.1 %
GELYY traded up $0.35 on Thursday, hitting $33.62. 11,205 shares of the company’s stock were exchanged, compared to its average volume of 25,196. Geely Automobile has a fifty-two week low of $18.48 and a fifty-two week high of $39.02. The firm has a 50-day moving average price of $33.43 and a 200-day moving average price of $26.27.
Wall Street Analysts Forecast Growth
Separately, Macquarie raised shares of Geely Automobile from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 14th.
Geely Automobile Company Profile
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.
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