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

Geely Automobile Holdings Limited (OTCMKTS:GELYY) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 19,400 shares, a growth of 240.4% from the October 31st total of 5,700 shares. Based on an average trading volume of 44,300 shares, the short-interest ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Macquarie upgraded Geely Automobile from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 14th.

Geely Automobile Stock Performance

GELYY stock traded up $2.16 during trading on Friday, hitting $35.78. The company had a trading volume of 14,069 shares, compared to its average volume of 25,147. The business has a 50-day moving average of $33.82 and a 200-day moving average of $26.39. Geely Automobile has a one year low of $18.48 and a one year 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.