BYD Company Limited (OTCMKTS:BYDDY) Sees Large Decrease in Short Interest

BYD Company Limited (OTCMKTS:BYDDY) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 60,600 shares, a decline of 82.8% from the February 29th total of 353,200 shares. Based on an average trading volume of 790,500 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Macquarie assumed coverage on shares of BYD in a report on Wednesday, December 6th. They set an “outperform” rating on the stock. Nomura assumed coverage on shares of BYD in a report on Wednesday, February 28th. They set a “buy” rating on the stock.

BYD Stock Down 1.6 %

BYD stock traded down $0.84 during midday trading on Friday, hitting $50.77. 586,299 shares of the stock were exchanged, compared to its average volume of 385,404. BYD has a 1 year low of $43.62 and a 1 year high of $71.70. The firm has a market cap of $75.60 billion, a P/E ratio of 18.20, a P/E/G ratio of 0.39 and a beta of 0.44. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.66 and a quick ratio of 0.44. The company has a 50 day moving average price of $49.51 and a two-hundred day moving average price of $55.40.

About BYD

BYD Company Limited, together with its subsidiaries, engages in the research, development, manufacture, and sale of automobiles and related products in the People's Republic of China and internationally. The company operates through three segments: The Secondary Rechargeable Batteries and Photovoltaic; Mobile Phone Components, Assembly, and Other Products; and Automobiles, Automobile-Related Products and Other Products.