BYD Company Limited (OTCMKTS:BYDDY) Sees Large Decrease in Short Interest

BYD Company Limited (OTCMKTS:BYDDY) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 60,600 shares, a decrease of 82.8% from the February 29th total of 353,200 shares. Based on an average daily trading volume, of 790,500 shares, the days-to-cover ratio is presently 0.1 days.

BYD Stock Down 1.6 %

Shares of BYD stock traded down $0.84 during midday trading on Friday, reaching $50.77. 586,299 shares of the company’s stock traded hands, compared to its average volume of 385,404. The company has a market cap of $75.60 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 0.39 and a beta of 0.44. The company’s 50 day simple moving average is $49.51 and its 200 day simple moving average is $55.40. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.44 and a current ratio of 0.66. BYD has a 52 week low of $43.62 and a 52 week high of $71.70.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BYDDY. Macquarie began coverage on shares of BYD in a report on Wednesday, December 6th. They set an “outperform” rating on the stock. Nomura began coverage on shares of BYD in a report on Wednesday, February 28th. They set a “buy” rating on the stock.

BYD Company Profile

BYD Company Limited, together with its subsidiaries, engages in the research, development, manufacture, and sale of automobiles and related products in the People's Republic of China and internationally. The company operates through three segments: The Secondary Rechargeable Batteries and Photovoltaic; Mobile Phone Components, Assembly, and Other Products; and Automobiles, Automobile-Related Products and Other Products.