Short Interest in BYD Company Limited (OTCMKTS:BYDDF) Declines By 56.1%

BYD Company Limited (OTCMKTS:BYDDF) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 5,521,193 shares, a decrease of 56.1% from the May 31st total of 12,563,046 shares. Based on an average daily volume of 453,016 shares, the days-to-cover ratio is currently 12.2 days. Approximately 0.1% of the company’s shares are sold short.

BYD Price Performance

Shares of BYDDF stock opened at $9.40 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.87 and a quick ratio of 0.56. The firm’s 50-day moving average is $11.87 and its two-hundred day moving average is $12.37. BYD has a 12 month low of $9.30 and a 12 month high of $17.75. The company has a market capitalization of $82.09 billion, a PE ratio of 16.79 and a beta of 0.14.

BYD (OTCMKTS:BYDDF) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $21.77 billion for the quarter, compared to analyst estimates of $21.05 billion.

BYD Company Profile

BYD Company Limited is a leading Chinese manufacturer specializing in electric vehicles, rechargeable batteries and renewable energy solutions. Established in 1995 in Shenzhen by entrepreneur Wang Chuanfu, BYD initially focused on the production of nickel-metal hydride batteries before expanding into automotive manufacturing in the early 2000s. The company’s name, an acronym of “Build Your Dreams,” reflects its mission to drive sustainable transportation and energy innovation worldwide.

In its automotive segment, BYD designs and produces a broad range of passenger cars, buses, trucks and commercial vehicles, with a particular emphasis on battery-electric and plug-in hybrid models.