Short Interest in China Yuchai International Limited (NYSE:CYD) Declines By 23.5%

China Yuchai International Limited (NYSE:CYD) saw a significant decline in short interest in June. As of June 30th, there was short interest totalling 63,000 shares, a decline of 23.5% from the May 30th total of 82,400 shares. Based on an average daily volume of 41,000 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.4% of the shares of the stock are short sold.

China Yuchai International stock traded down $0.06 during trading hours on Friday, hitting $14.06. The stock had a trading volume of 50,400 shares, compared to its average volume of 44,535. The company has a market cap of $586.06 million, a PE ratio of 5.67 and a beta of 1.79. China Yuchai International has a 1-year low of $12.00 and a 1-year high of $20.95. The firm has a fifty day simple moving average of $14.52.

China Yuchai International (NYSE:CYD) last posted its earnings results on Friday, May 10th. The company reported $0.72 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.02). The firm had revenue of $618.29 million during the quarter, compared to analyst estimates of $685.49 million. China Yuchai International had a net margin of 4.04% and a return on equity of 23.05%. Equities research analysts anticipate that China Yuchai International will post 2.65 earnings per share for the current fiscal year.

The company also recently announced an annual dividend, which will be paid on Friday, July 19th. Shareholders of record on Thursday, July 11th will be issued a $0.85 dividend. This represents a yield of 5.89%. The ex-dividend date is Wednesday, July 10th. China Yuchai International’s dividend payout ratio (DPR) is 34.27%.

A number of institutional investors have recently bought and sold shares of CYD. Rocky Mountain Advisers LLC grew 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 valued at $25,000 after purchasing an additional 1,245 shares during the last quarter. Unison Advisors LLC acquired a new stake in China Yuchai International in the second quarter valued at $242,000. Raymond James Financial Services Advisors Inc. acquired a new stake in China Yuchai International in the fourth quarter valued at $254,000. Northern Trust Corp grew its holdings in China Yuchai International by 3.6% in the fourth quarter. Northern Trust Corp now owns 22,130 shares of the company’s stock valued at $275,000 after purchasing an additional 762 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. acquired a new stake in China Yuchai International in the fourth quarter valued at $350,000. 24.92% of the stock is currently owned by institutional investors.

Several analysts have weighed in on CYD shares. Zacks Investment Research lowered ExlService from a “hold” rating to a “sell” rating in a report on Wednesday. TheStreet raised BlackRock TCP Capital from a “c+” rating to a “b” rating in a report on Tuesday, May 28th.

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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