BYD Company Limited (OTCMKTS:BYDDY) Sees Significant Increase in Short Interest

BYD Company Limited (OTCMKTS:BYDDY) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 150,900 shares, an increase of 84.2% from the March 31st total of 81,900 shares. Based on an average daily volume of 651,500 shares, the short-interest ratio is presently 0.2 days.

BYD Stock Performance

Shares of BYDDY stock traded up $2.13 during midday trading on Friday, hitting $54.32. 370,195 shares of the company were exchanged, compared to its average volume of 292,655. The firm has a market capitalization of $80.88 billion, a P/E ratio of 19.47 and a beta of 0.45. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.44 and a current ratio of 0.66. The firm’s 50 day moving average price is $51.33 and its two-hundred day moving average price is $53.95. BYD has a 52 week low of $43.62 and a 52 week high of $71.70.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Macquarie assumed coverage on shares of BYD in a report on Monday, April 15th. They issued an “outperform” rating on the stock. Nomura assumed coverage on shares of BYD in a report on Wednesday, February 28th. They issued a “buy” rating on the stock.

BYD Company Profile

BYD Company Limited, together with its subsidiaries, engages in automobiles and batteries business in the People's Republic of China, Hong Kong, Macau, Taiwan, and internationally. The company operates in two segments: Mobile Handset Components, Assembly Service and Other Products; and Automobiles and Related Products and Other Products.