Geely Automobile Holdings Limited (OTCMKTS:GELYY) Short Interest Down 27.3% in November

Geely Automobile Holdings Limited (OTCMKTS:GELYY - Get Free Report) was the recipient of a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 14,100 shares, a drop of 27.3% from the November 15th total of 19,400 shares. Based on an average daily volume of 36,900 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Macquarie raised shares of Geely Automobile from a "hold" rating to a "strong-buy" rating in a report on Thursday, November 14th.

Geely Automobile Stock Down 3.9 %

Shares of GELYY traded down $1.59 during trading hours on Friday, reaching $39.19. 11,511 shares of the company traded hands, compared to its average volume of 25,195. The stock has a fifty day simple moving average of $35.53 and a 200 day simple moving average of $27.27. Geely Automobile has a fifty-two week low of $18.48 and a fifty-two week high of $41.22.

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.

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