BYD Company Limited (OTCMKTS:BYDDF) Sees Large Increase in Short Interest

BYD Company Limited (OTCMKTS:BYDDF - Get Free Report) was the target of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 3,058,700 shares, a growth of 57.2% from the May 15th total of 1,946,200 shares. Based on an average trading volume of 511,700 shares, the days-to-cover ratio is currently 6.0 days. Approximately 0.1% of the company's shares are short sold.

Analysts Set New Price Targets

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

BYD Stock Performance

Shares of OTCMKTS:BYDDF traded down $0.18 on Wednesday, hitting $16.18. 191,101 shares of the company's stock were exchanged, compared to its average volume of 522,536. The company has a current ratio of 0.81, a quick ratio of 0.51 and a debt-to-equity ratio of 0.06. BYD has a 1-year low of $8.52 and a 1-year high of $20.50. The firm's 50-day moving average is $47.02 and its 200 day moving average is $42.93.

BYD (OTCMKTS:BYDDF - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.35 by $0.08. BYD had a net margin of 5.71% and a return on equity of 22.70%. The firm had revenue of $23.47 billion for the quarter, compared to analyst estimates of $188.91 billion.

BYD Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Wednesday, June 11th will be given a dividend of $3.974 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a dividend yield of 1.05%.

About BYD

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.