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 in 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 trading volume, of 31,500 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

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

Geely Automobile Trading Down 5.5 %

GELYY traded down $1.99 on Friday, hitting $33.96. 41,935 shares of the company were exchanged, compared to its average volume of 25,416. The business’s fifty day moving average is $31.67 and its 200 day moving average is $25.77. Geely Automobile has a fifty-two week low of $18.48 and a fifty-two week high of $39.02.

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.