Byd Co., Ltd. (OTCMKTS:BYDDY) Short Interest Update

Key Points

• BYD Co., Ltd. experienced a significant increase in short interest, jumping 79.9% in September, reaching 2,924,300 shares by September 15th.
• The stock is currently trading at $13.90 with a market cap of $124.18 billion and a P/E ratio of 19.53.
• Recent analyst ratings for BYD have been downgraded, with several firms moving their recommendations from "buy" to "hold."

Byd Co., Ltd. (OTCMKTS:BYDDY - Get Free Report) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 2,924,300 shares, an increase of 79.9% from the August 31st total of 1,625,800 shares. Based on an average daily volume of 6,201,800 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 6,201,800 shares, the short-interest ratio is presently 0.5 days.

BYD Price Performance

BYDDY traded down $0.50 during midday trading on Friday, hitting $13.90. The stock had a trading volume of 2,807,499 shares, compared to its average volume of 2,312,873. The company has a market cap of $124.18 billion, a P/E ratio of 19.53, a price-to-earnings-growth ratio of 3.14 and a beta of 0.21. The business has a fifty day moving average of $17.46 and a 200 day moving average of $70.85. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.51 and a current ratio of 0.81. BYD has a 1 year low of $10.58 and a 1 year high of $20.05.

Wall Street Analysts Forecast Growth

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