BYD Company Limited (OTCMKTS:BYDDF) Short Interest Update

BYD Company Limited (OTCMKTS:BYDDF) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 7,059,960 shares, an increase of 95.3% from the August 15th total of 3,614,699 shares. Based on an average daily volume of 218,137 shares, the short-interest ratio is presently 32.4 days. Currently, 0.1% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, UBS Group set a $20.00 target price on shares of BYD in a research note on Friday.

BYD Stock Performance

Shares of BYD stock opened at $10.33 on Tuesday. The stock has a 50 day moving average of $11.26 and a 200 day moving average of $11.89. The firm has a market capitalization of $90.22 billion, a price-to-earnings ratio of 22.96 and a beta of 0.09. BYD has a fifty-two week low of $9.25 and a fifty-two week high of $14.95.

BYD (OTCMKTS:BYDDF) last posted its earnings results on Friday, August 28th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The business had revenue of $24.10 billion during the quarter, compared to the consensus estimate of $25.62 billion.

About BYD

BYD Company Limited is a China-based technology and manufacturing company headquartered in Shenzhen. Founded in 1995 by Wang Chuanfu, the company initially focused on rechargeable batteries before expanding into automobiles, electronics and other technology-related businesses.

BYD’s automotive operations develop and manufacture battery-electric and plug-in hybrid passenger vehicles, commercial vehicles, buses and trucks. Its vehicle portfolio includes models sold under the BYD brand, as well as premium and specialty brands such as Denza, Yangwang and Fangchengbao.