Short Interest in BYD Company Limited (OTCMKTS:BYDDF) Decreases By 34.9%

BYD Company Limited (OTCMKTS:BYDDF - Get Free Report) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totalling 1,946,200 shares, a decline of 34.9% from the April 30th total of 2,988,500 shares. Currently, 0.1% of the company's shares are short sold. Based on an average daily trading volume, of 409,500 shares, the short-interest ratio is currently 4.8 days.

Wall Street Analyst Weigh In

Separately, Barclays restated an "overweight" rating and issued a $85.00 target price on shares of BYD in a report on Friday, March 28th.

BYD Stock Performance

Shares of BYD stock traded up $0.13 during trading hours on Monday, reaching $49.68. The company's stock had a trading volume of 113,359 shares, compared to its average volume of 177,236. The company has a market capitalization of $144.63 billion, a P/E ratio of 30.67 and a beta of 0.09. The stock's fifty day simple moving average is $50.04 and its two-hundred day simple moving average is $42.93. BYD has a one year low of $25.57 and a one year high of $61.51.

BYD (OTCMKTS:BYDDF - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.08. The business had revenue of $23.47 billion during the quarter, compared to the consensus estimate of $188.91 billion.

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.