BYD Electronic (International) Company Limited (OTCMKTS:BYDIF) Short Interest Update

BYD Electronic (International) Company Limited (OTCMKTS:BYDIF) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 8,846,563 shares, a decline of 38.1% from the April 15th total of 14,287,091 shares. Based on an average trading volume of 3,456 shares, the days-to-cover ratio is currently 2,559.8 days.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BYDIF. Jefferies Financial Group reissued a “hold” rating on shares of BYD Electronic (International) in a report on Monday, March 30th. The Goldman Sachs Group lowered BYD Electronic (International) from a “buy” rating to a “neutral” rating in a report on Monday, February 9th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, BYD Electronic (International) has a consensus rating of “Hold”.

BYD Electronic (International) Stock Performance

OTCMKTS:BYDIF opened at C$3.59 on Friday. The business has a 50 day moving average of C$3.68 and a 200 day moving average of C$4.16. BYD Electronic has a 1-year low of C$3.00 and a 1-year high of C$5.79.

About BYD Electronic (International)

BYD Electronic (International) Company Limited, an investment holding company, primarily engages in the design, manufacture, assembly, and sale of mobile handset components, modules, and other products in the People's Republic of China and internationally. The company is involved in various businesses comprising smart phones, tablet PCs, new energy vehicles, residential energy storage, smart home, game hardware, unmanned aerial vehicles, AI servers, 3D printers, Internet of Things, robots, communication equipment, health devices, and other diversified market areas.