BYD Electronic (International) Company Limited (OTCMKTS:BYDIF) Short Interest Update

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

Analysts Set New Price Targets

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

BYD Electronic (International) Stock Performance

BYDIF opened at C$3.00 on Wednesday. The firm has a 50-day moving average of C$3.03 and a 200 day moving average of C$3.57. BYD Electronic has a fifty-two week low of C$2.41 and a fifty-two week high of C$5.79.

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.