Byd Co., Ltd. (OTCMKTS:BYDDY) Short Interest Up 381.6% in August

Key Points

• Byd Co., Ltd. experienced a significant increase in short interest, rising 381.6% in August, with a total of 1,625,800 shares shorted by the end of the month.
• The stock currently has a market cap of $121.50 billion and its shares are trading at around $13.60, well below its 52-week high of $20.05.
• Research analysts have downgraded BYD's stock rating from "buy" to "hold" recently, contributing to a consensus rating of "Hold" among analysts.

Byd Co., Ltd. (OTCMKTS:BYDDY - Get Free Report) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,625,800 shares, a growth of 381.6% from the August 15th total of 337,600 shares. Based on an average daily volume of 6,348,100 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company's shares are sold short. Currently, 0.0% of the company's shares are sold short. Based on an average daily volume of 6,348,100 shares, the days-to-cover ratio is currently 0.3 days.

BYD Stock Performance

BYD stock opened at $13.60 on Friday. The stock has a market cap of $121.50 billion, a P/E ratio of 19.11, a price-to-earnings-growth ratio of 3.03 and a beta of -0.02. The company has a current ratio of 0.81, a quick ratio of 0.51 and a debt-to-equity ratio of 0.06. The stock has a 50 day moving average of $43.54 and a 200-day moving average of $80.06. BYD has a 52 week low of $10.13 and a 52 week high of $20.05.

Wall Street Analyst Weigh In

BYDDY has been the subject of a number of research reports. Erste Group Bank cut BYD from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Jefferies Financial Group cut BYD from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of "Hold".

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.

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