BYD Electronic (International) Company Limited (OTCMKTS:BYDIF) Sees Large Decline in Short Interest

BYD Electronic (International) Company Limited (OTCMKTS:BYDIF) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,823,994 shares, a decline of 85.7% from the July 15th total of 12,746,602 shares. Based on an average daily volume of 55,725 shares, the short-interest ratio is currently 32.7 days.

BYD Electronic (International) Stock Performance

Shares of BYDIF opened at C$3.00 on Thursday. The stock’s 50-day moving average price is C$3.02 and its 200 day moving average price is C$3.56. BYD Electronic has a 12-month low of C$2.41 and a 12-month high of C$5.79.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded BYD Electronic (International) from a “neutral” rating to a “sell” rating in a research note on Monday, July 6th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

BYD Electronic (International) Company Profile

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.