Short Interest in China Yuchai International Limited (NYSE:CYD) Drops By 34.9%

China Yuchai International Limited (NYSE:CYD) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 47,600 shares, a decrease of 34.9% from the June 30th total of 73,100 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 46,700 shares, the days-to-cover ratio is currently 1.0 days.

Several institutional investors have recently bought and sold shares of the company. Rocky Mountain Advisers LLC lifted its holdings in China Yuchai International by 350.7% in the first quarter. Rocky Mountain Advisers LLC now owns 1,600 shares of the company’s stock worth $25,000 after buying an additional 1,245 shares during the period. Atria Investments LLC bought a new stake in shares of China Yuchai International during the second quarter valued at approximately $251,000. JPMorgan Chase & Co. bought a new stake in shares of China Yuchai International during the second quarter valued at approximately $126,000. John G Ullman & Associates Inc. bought a new stake in shares of China Yuchai International during the second quarter valued at approximately $169,000. Finally, Unison Advisors LLC bought a new stake in shares of China Yuchai International during the second quarter valued at approximately $242,000. Institutional investors own 24.85% of the company’s stock.

Shares of China Yuchai International stock traded up $0.17 during trading on Wednesday, hitting $14.15. The stock had a trading volume of 5,678 shares, compared to its average volume of 44,401. The stock has a market capitalization of $583.86 million, a price-to-earnings ratio of 5.69 and a beta of 1.78. China Yuchai International has a 12 month low of $12.00 and a 12 month high of $20.78. The company’s 50-day moving average price is $14.48.

China Yuchai International (NYSE:CYD) last released its earnings results on Tuesday, August 13th. The company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.20). China Yuchai International had a net margin of 4.04% and a return on equity of 23.05%. The firm had revenue of $707.18 million during the quarter, compared to the consensus estimate of $632.96 million. During the same period in the prior year, the company earned $0.47 EPS. Analysts anticipate that China Yuchai International will post 2.65 earnings per share for the current year.

The company also recently announced an annual dividend, which was paid on Friday, July 19th. Stockholders of record on Thursday, July 11th were issued a dividend of $0.85 per share. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a dividend yield of 5.89%. China Yuchai International’s dividend payout ratio is currently 34.27%.

CYD has been the topic of several research analyst reports. Zacks Investment Research cut shares of China Yuchai International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. TheStreet raised shares of China Yuchai International from a “c” rating to a “b-” rating in a report on Tuesday, May 28th.

China Yuchai International Company Profile

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.

Featured Story: Dead Cat Bounce

Receive News & Ratings for China Yuchai International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Yuchai International and related companies with MarketBeat.com's FREE daily email newsletter.