BYD Electronic (International) Company Limited (OTCMKTS:BYDIF) Short Interest Down 85.7% in July

BYD Electronic (International) Company Limited (OTCMKTS:BYDIF) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 1,823,994 shares, a drop of 85.7% from the July 15th total of 12,746,602 shares. Based on an average daily volume of 55,725 shares, the days-to-cover ratio is currently 32.7 days.

BYD Electronic (International) Stock Up 0.7%

Shares of BYD Electronic (International) stock opened at C$3.02 on Friday. The company has a 50 day moving average of C$3.00 and a 200-day moving average of C$3.55. BYD Electronic has a 1-year low of C$2.41 and a 1-year high of C$5.79.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded BYD Electronic (International) from a “neutral” rating to a “sell” rating in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

BYD Electronic (International) Company Profile

BYD Electronic (International) Company Limited, an investment holding company, primarily engages in the design, manufacture, assembly, and sale of mobile handset components, modules, and other products in the People's Republic of China and internationally. The company is involved in various businesses comprising smart phones, tablet PCs, new energy vehicles, residential energy storage, smart home, game hardware, unmanned aerial vehicles, AI servers, 3D printers, Internet of Things, robots, communication equipment, health devices, and other diversified market areas.