Short Interest in Geely Automobile Holdings Limited (OTCMKTS:GELYY) Increases By 9.6%

Geely Automobile Holdings Limited (OTCMKTS:GELYY) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 18,200 shares, a growth of 9.6% from the September 15th total of 16,600 shares. Based on an average daily volume of 63,500 shares, the short-interest ratio is presently 0.3 days.

Geely Automobile Stock Performance

GELYY stock opened at $31.27 on Thursday. Geely Automobile has a 52-week low of $18.48 and a 52-week high of $36.07. The company’s 50 day simple moving average is $25.10 and its 200-day simple moving average is $23.89.

Wall Street Analysts Forecast Growth

Separately, Macquarie upgraded Geely Automobile to a “strong-buy” rating in a report on Friday, October 4th.

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 vehicles, automobile parts, and related automobile components, as well as provision of related after-sales and technical services.