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

BYD Company Limited (OTCMKTS:BYDDF) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 1,388,200 shares, a growth of 53.8% from the February 28th total of 902,600 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 278,500 shares, the short-interest ratio is currently 5.0 days.

BYD Stock Down 2.5 %

Shares of BYDDF stock traded down $1.31 during trading on Monday, reaching $51.82. The company’s stock had a trading volume of 192,797 shares, compared to its average volume of 152,287. The company has a market cap of $150.86 billion, a price-to-earnings ratio of 31.99 and a beta of 0.31. The business has a fifty day moving average price of $44.67 and a 200-day moving average price of $38.18. BYD has a one year low of $24.35 and a one year high of $54.60.

BYD (OTCMKTS:BYDDF) last posted its quarterly earnings results on Monday, March 24th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.03. The company had revenue of $37.20 billion for the quarter, compared to analyst estimates of $174.49 billion.

Analysts Set New Price Targets

Separately, Barclays reiterated an “overweight” rating and issued a $85.00 target price on shares of BYD in a report on Friday.

About BYD

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.