BYD Electronic (International) Company Limited (OTCMKTS:BYDIF) Sees Significant Decline in Short Interest

BYD Electronic (International) Company Limited (OTCMKTS:BYDIF) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 1,505,874 shares, a decrease of 45.9% from the September 15th total of 2,785,895 shares. Based on an average daily volume of 10,665 shares, the short-interest ratio is currently 141.2 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered BYD Electronic (International) from a “neutral” rating to a “sell” rating in a research report on Monday, July 6th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

BYD Electronic (International) Trading Up 7.1%

Shares of BYD Electronic (International) stock opened at C$2.95 on Wednesday. BYD Electronic has a twelve month low of C$2.39 and a twelve month high of C$5.58. The company has a 50-day simple moving average of C$3.03 and a two-hundred day simple moving average of C$3.21.

About BYD Electronic (International)

BYD Electronic (International) Company Limited is a China-based manufacturer and supply-chain service provider that develops and produces components, modules and complete products for consumer electronics, automotive applications and other intelligent devices. The company is a subsidiary of BYD Company Limited and operates as a separate Hong Kong-listed business.

Its consumer-electronics activities include the manufacture and assembly of smartphones, tablets, notebook computers, wearables, intelligent hardware and related components.