Short Interest in BYD Company Limited (OTCMKTS:BYDDY) Grows By 84.2%

BYD Company Limited (OTCMKTS:BYDDY) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 150,900 shares, an increase of 84.2% from the March 31st total of 81,900 shares. Based on an average daily volume of 651,500 shares, the short-interest ratio is presently 0.2 days.

BYD Stock Up 4.1 %

BYDDY stock traded up $2.13 during mid-day trading on Friday, hitting $54.32. The stock had a trading volume of 370,195 shares, compared to its average volume of 292,655. The company has a current ratio of 0.66, a quick ratio of 0.44 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $80.88 billion, a price-to-earnings ratio of 18.71 and a beta of 0.45. The company has a fifty day moving average of $51.33 and a 200 day moving average of $53.95. BYD has a 1-year low of $43.62 and a 1-year high of $71.70.

Analysts Set New Price Targets

BYDDY has been the topic of several research reports. Macquarie initiated coverage on BYD in a research report on Monday, April 15th. They issued an “outperform” rating on the stock. Nomura initiated coverage on BYD in a research report on Wednesday, February 28th. They issued a “buy” rating on the stock.

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.