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

BYD Electronic (International) Company Limited (OTCMKTS:BYDIF) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 8,846,563 shares, a decline of 38.1% from the April 15th total of 14,287,091 shares. Based on an average daily trading volume, of 3,456 shares, the days-to-cover ratio is presently 2,559.8 days.

BYD Electronic (International) Trading Down 6.3%

Shares of BYDIF stock opened at C$3.59 on Friday. BYD Electronic has a fifty-two week low of C$3.00 and a fifty-two week high of C$5.79. The stock has a 50 day moving average price of C$3.68 and a two-hundred day moving average price of C$4.16.

Analysts Set New Price Targets

A number of analysts recently weighed in on BYDIF shares. Jefferies Financial Group restated a “hold” rating on shares of BYD Electronic (International) in a research report on Monday, March 30th. The Goldman Sachs Group downgraded BYD Electronic (International) from a “buy” rating to a “neutral” rating in a research report on Monday, February 9th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, BYD Electronic (International) has a consensus rating of “Hold”.

About BYD Electronic (International)

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.