BYD Company Limited (OTCMKTS:BYDDF) Short Interest Down 36.7% in July

BYD Company Limited (OTCMKTS:BYDDF) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 4,587,120 shares, a drop of 36.7% from the June 30th total of 7,250,533 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 490,122 shares, the days-to-cover ratio is presently 9.4 days.

BYD Stock Up 0.7%

Shares of BYD stock opened at $11.99 on Friday. The company has a market cap of $104.71 billion, a PE ratio of 21.41 and a beta of 0.14. The business has a 50 day moving average of $10.93 and a 200 day moving average of $12.15. BYD has a 52 week low of $9.25 and a 52 week high of $15.70.

BYD (OTCMKTS:BYDDF) last released 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 company had revenue of $21.77 billion for the quarter, compared to analyst estimates of $21.05 billion.

About BYD

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.