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

BYD Company Limited (OTCMKTS:BYDDF) saw 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. Based on an average daily trading volume, of 278,500 shares, the days-to-cover ratio is presently 5.0 days. Currently, 0.0% of the shares of the company are sold short.

BYD Stock Performance

OTCMKTS:BYDDF opened at $51.82 on Friday. BYD has a 52-week low of $24.35 and a 52-week high of $54.60. The business’s fifty day moving average is $44.67 and its 200 day moving average is $38.18. The firm has a market cap of $150.86 billion, a price-to-earnings ratio of 31.99 and a beta of 0.31.

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

Analyst Ratings Changes

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

BYD Company Profile

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.