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

BYD Electronic (International) Company Limited (OTCMKTS:BYDIF) saw 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 presently 32.7 days.

Wall Street Analyst Weigh In

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

BYD Electronic (International) Stock Up 0.5%

BYDIF stock opened at C$3.00 on Wednesday. BYD Electronic has a twelve month low of C$2.41 and a twelve month high of C$5.79. The stock has a 50-day simple moving average of C$3.03 and a two-hundred day simple moving average of C$3.57.

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.