BYD Electronic (International) Company Limited (OTCMKTS:BYDIF) Stock Short Interest Drops 45.9%

by · The Markets Daily

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

BYD Electronic (International) Price Performance

OTCMKTS BYDIF traded down C$0.10 during trading on Thursday, hitting C$2.85. 65,425 shares of the company’s stock traded hands, compared to its average volume of 14,797. BYD Electronic has a 12-month low of C$2.39 and a 12-month high of C$5.58. The business has a 50 day moving average of C$3.02 and a 200-day moving average of C$3.20.

Analysts Set New Price Targets

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

View Our Latest Stock Report on BYD Electronic (International)

BYD Electronic (International) Company Profile

(Get Free Report)

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.

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