Short Interest in Byd Co., Ltd. (OTCMKTS:BYDDY) Decreases By 48.9%

Key Points

• Short interest in Byd Co., Ltd. decreased by 48.9% in September, falling from approximately 2.9 million shares to 1.5 million shares.
• Wall Street analysts have downgraded BYD's stock rating from "buy" to "hold", with a consensus rating of "Hold."
• BYD's current stock price opened at $13.64, with a market capitalization of $121.86 billion.

Byd Co., Ltd. (OTCMKTS:BYDDY - Get Free Report) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 1,493,000 shares, a decline of 48.9% from the September 15th total of 2,924,300 shares. Based on an average daily trading volume, of 4,380,800 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 4,380,800 shares, the days-to-cover ratio is presently 0.3 days.

BYD Stock Performance

OTCMKTS BYDDY opened at $13.64 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.81 and a quick ratio of 0.51. The company has a fifty day moving average price of $14.01 and a 200-day moving average price of $64.45. BYD has a 1 year low of $10.58 and a 1 year high of $20.05. The firm has a market cap of $121.86 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 2.62 and a beta of 0.21.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Erste Group Bank downgraded BYD from a "buy" rating to a "hold" rating in a research note 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, BYD 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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