Geely Automobile Holdings Limited (OTCMKTS:GELYY) Sees Significant Decline in Short Interest

Geely Automobile Holdings Limited (OTCMKTS:GELYY) was the target of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 3,500 shares, a decrease of 55.1% from the January 31st total of 7,800 shares. Based on an average daily trading volume, of 51,200 shares, the short-interest ratio is currently 0.1 days.

Geely Automobile Stock Down 6.2 %

GELYY stock opened at $45.36 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.91 and a current ratio of 1.05. The business has a fifty day simple moving average of $39.68 and a 200-day simple moving average of $34.00. Geely Automobile has a 52 week low of $18.48 and a 52 week high of $48.85.

Analysts Set New Price Targets

Separately, Macquarie upgraded Geely Automobile from a “hold” rating to a “strong-buy” rating in a report 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.