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) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 1,625,800 shares, an increase of 381.6% from the August 15th total of 337,600 shares. Approximately 0.0% of the company's shares are sold short. Based on an average trading volume of 6,348,100 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 6,348,100 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the company's shares are sold short.

Wall Street Analyst Weigh In

Several research firms have weighed in on BYDDY. Erste Group Bank downgraded BYD from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. Jefferies Financial Group cut BYD from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of "Hold".

BYD Stock Up 1.6%

Shares of OTCMKTS BYDDY traded up $0.23 during midday trading on Wednesday, hitting $14.44. 1,354,954 shares of the company's stock were exchanged, compared to its average volume of 3,619,994. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.81 and a quick ratio of 0.51. BYD has a twelve month low of $10.23 and a twelve month high of $20.05. The company has a market cap of $129.01 billion, a PE ratio of 20.29, a P/E/G ratio of 3.14 and a beta of -0.02. The firm's fifty day simple moving average is $38.77 and its 200-day simple moving average is $78.13.

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.