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Weichai Power Co., Ltd. (OTCMKTS:WEICY) Sees Large Decline in Short Interest

Defense World ·  Sep 14, 2022 05:32

Weichai Power Co., Ltd. (OTCMKTS:WEICY – Get Rating) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 1,200 shares, a drop of 58.6% from the August 15th total of 2,900 shares. Based on an average daily volume of 95,500 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. upgraded shares of Weichai Power from an "underweight" rating to an "overweight" rating in a research note on Tuesday, May 31st.

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Weichai Power Trading Down 0.1 %

Shares of WEICY stock opened at $10.41 on Wednesday. The company has a 50 day moving average of $11.21 and a 200-day moving average of $11.68. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.12 and a current ratio of 1.39. Weichai Power has a 12-month low of $9.79 and a 12-month high of $18.74.

Weichai Power Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, September 12th. Investors of record on Thursday, July 28th were issued a $0.174 dividend. This represents a yield of 2.88%. The ex-dividend date was Wednesday, July 27th.

About Weichai Power

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Weichai Power Co, Ltd. manufactures and sells diesel engines, automobiles, and other automobile components in China and internationally. It operates through Engines, Automobiles and Automobile Components, and Intelligent Logistics segments. The company provides design, development, production, sale, repair, and import and export of engines and auxiliary products, automobile axles and components, and gearboxes and components; hydraulic pumps and motors; hydraulic valves; gears and gear transmission devices; ancillary casting and casting products of hydraulic components; internal combustion engines, energy powertrain systems and ancillary products; technical consultation and technical services; leasing of self-owned houses; steel; business management services; forklift trucks; and warehousing technology and supply chain solution services.

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