Great Wall Motor Company Limited (OTCMKTS:GWLLF – Get Rating) saw a sharp drop in short-term interest during the month of March. As of March 31, there was short interest totaling 1,224,200 shares, down 60.8% from the March 15 total of 3,126,400 shares. Based on an average daily trading volume of 21,500 shares, the day-to-cover ratio is currently 56.9 days.
Great Wall Motor stock traded down $0.06 midday Friday, hitting $1.48. The company’s stock had a trading volume of 4,525 shares, compared to an average volume of 9,367. Great Wall Motor has a 1-year low of $1.40 and a 1-year high of $5.02. The company has a 50-day moving average price of $1.87 and a two-hundred-day moving average price of $3.10.
Separately, JPMorgan Chase & Co. downgraded shares of Great Wall Motor from an “overweight” rating to a “neutral” rating in a Friday, Jan. 28 research note. Two equity research analysts gave the stock a hold rating and three gave the stock a buy rating. Based on data from MarketBeat.com, Great Wall Motor currently has an average rating of “Buy.”
About Great Wall Motor (Get an evaluation)
Great Wall Motor Company Limited researches and develops, manufactures, markets and sells automobiles and automotive parts and components in China, South Africa, Ecuador, Chile, Russia, Saudi Arabia and overseas. The company offers pickup trucks, SUVs, sedans and energy vehicles primarily under the Haval, WEY, Great Wall Pickup and ORA brands; and unmanned vehicles.
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