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

BYD Electronic (International) Company Limited (OTCMKTS:BYDIF) 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”.

BYD Electronic (International) Company Profile

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.