BYD Company Limited (OTCMKTS:BYDDY) Short Interest Update

BYD Company Limited (OTCMKTS:BYDDY) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 232,200 shares, an increase of 33.3% from the June 30th total of 174,200 shares. Based on an average daily trading volume, of 369,000 shares, the short-interest ratio is currently 0.6 days.

BYD Price Performance

OTCMKTS:BYDDY traded up $0.22 during mid-day trading on Monday, reaching $60.69. The company’s stock had a trading volume of 122,400 shares, compared to its average volume of 377,564. The company’s fifty day simple moving average is $59.02 and its two-hundred day simple moving average is $54.13. BYD has a twelve month low of $43.62 and a twelve month high of $71.70. The stock has a market cap of $90.37 billion, a P/E ratio of 20.78, a P/E/G ratio of 2.07 and a beta of 0.35.

BYD (OTCMKTS:BYDDY) last released its quarterly earnings data on Monday, April 29th. The company reported $0.44 EPS for the quarter. The company 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%. Sell-side analysts expect that BYD will post 3.21 EPS for the current fiscal year.

BYD Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Wednesday, June 12th will be issued a $0.7221 dividend. This is an increase from BYD’s previous dividend of $0.26. The ex-dividend date is Wednesday, June 12th. BYD’s dividend payout ratio (DPR) is 24.66%.

Wall Street Analyst Weigh In

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

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.