BYD Electronic (International) Company Limited (OTCMKTS:BYDIF) Stock Short Interest Declines 45.9%

BYD Electronic (International) Company Limited (OTCMKTS:BYDIF) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 1,505,874 shares, a decline of 45.9% from the September 15th total of 2,785,895 shares. Based on an average daily trading volume, of 10,665 shares, the short-interest ratio is presently 141.2 days.

BYD Electronic (International) Stock Up 7.1%

BYDIF stock opened at C$2.95 on Wednesday. BYD Electronic has a 1 year low of C$2.39 and a 1 year high of C$5.58. The company has a fifty day simple moving average of C$3.03 and a 200 day simple moving average of C$3.21.

Analysts Set New Price Targets

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

BYD Electronic (International) Company Profile

BYD Electronic (International) Company Limited is a China-based manufacturer and supply-chain service provider that develops and produces components, modules and complete products for consumer electronics, automotive applications and other intelligent devices. The company is a subsidiary of BYD Company Limited and operates as a separate Hong Kong-listed business.

Its consumer-electronics activities include the manufacture and assembly of smartphones, tablets, notebook computers, wearables, intelligent hardware and related components.