Short Interest in Geely Automobile Holdings Limited (OTCMKTS:GELYY) Expands By 46.2%

Geely Automobile Holdings Limited (OTCMKTS:GELYY) was the recipient of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 5,700 shares, a growth of 46.2% from the October 15th total of 3,900 shares. Based on an average daily volume of 31,500 shares, the short-interest ratio is currently 0.2 days.

Geely Automobile Stock Performance

GELYY stock traded down $1.99 during midday trading on Friday, hitting $33.96. The company’s stock had a trading volume of 41,935 shares, compared to its average volume of 25,416. Geely Automobile has a 52-week low of $18.48 and a 52-week high of $39.02. The firm has a 50-day simple moving average of $31.67 and a 200-day simple moving average of $25.77.

Wall Street Analysts Forecast Growth

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

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.