BYD Company Limited (OTCMKTS:BYDDF) Short Interest Up 53.8% in March

BYD Company Limited (OTCMKTS:BYDDF) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 1,388,200 shares, an increase of 53.8% from the February 28th total of 902,600 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 278,500 shares, the short-interest ratio is currently 5.0 days.

BYD Stock Performance

Shares of OTCMKTS:BYDDF opened at $51.82 on Friday. BYD has a fifty-two week low of $24.35 and a fifty-two week high of $54.60. The company’s 50-day moving average is $44.67 and its 200 day moving average is $38.18. The company has a market capitalization of $150.86 billion, a P/E ratio of 31.99 and a beta of 0.31.

BYD (OTCMKTS:BYDDF) last released its earnings results on Monday, March 24th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.03. The company had revenue of $37.20 billion for the quarter, compared to the consensus estimate of $174.49 billion.

Analyst Upgrades and Downgrades

Separately, Barclays reaffirmed an “overweight” rating and issued a $85.00 price objective on shares of BYD in a research report on Friday.

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.