BYD Company Limited (OTCMKTS:BYDDY) Short Interest Update

BYD Company Limited (OTCMKTS:BYDDY) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 134,600 shares, a drop of 14.6% from the May 31st total of 157,600 shares. Based on an average daily trading volume, of 532,800 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

Separately, Macquarie assumed coverage on BYD in a report on Monday, April 15th. They set an “outperform” rating on the stock.

BYD Stock Performance

Shares of OTCMKTS BYDDY traded up $0.33 during mid-day trading on Friday, hitting $59.08. The company had a trading volume of 102,512 shares, compared to its average volume of 252,232. The stock has a market cap of $87.97 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 2.14 and a beta of 0.34. BYD has a 12 month low of $43.62 and a 12 month high of $71.70. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.66 and a quick ratio of 0.44. The firm’s 50 day simple moving average is $56.96 and its two-hundred day simple moving average is $53.05.

BYD (OTCMKTS:BYDDY) last announced its earnings results on Monday, April 29th. The company reported $0.44 earnings per share for the quarter. The firm had revenue of $17.45 billion for the quarter. BYD had a return on equity of 21.49% and a net margin of 4.93%. As a group, equities research analysts forecast that BYD will post 3.02 earnings per share for the current year.

BYD Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, June 12th will be paid a dividend of $0.7221 per share. The ex-dividend date is Wednesday, June 12th. This is an increase from BYD’s previous dividend of $0.26. BYD’s payout ratio is presently 24.66%.

About BYD

BYD Company Limited, together with its subsidiaries, engages in automobiles and batteries business in the People's Republic of China, Hong Kong, Macau, Taiwan, and internationally. The company operates in two segments: Mobile Handset Components, Assembly Service and Other Products; and Automobiles and Related Products and Other Products.