BYD Company Limited (OTCMKTS:BYDDY – Get Free Report) saw a large growth in short interest in June. As of June 30th, there was short interest totalling 174,200 shares, a growth of 29.4% from the June 15th total of 134,600 shares. Based on an average daily trading volume, of 503,100 shares, the short-interest ratio is presently 0.3 days.
Analysts Set New Price Targets
Separately, Macquarie initiated coverage on BYD in a report on Monday, April 15th. They issued an “outperform” rating for the company.
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BYD Trading Up 0.8 %
BYD (OTCMKTS:BYDDY – Get Free Report) last issued its earnings results on Monday, April 29th. The company reported $0.44 earnings per share (EPS) for the quarter. The company had revenue of $17.45 billion during the quarter. BYD had a return on equity of 21.49% and a net margin of 4.93%. Analysts predict that BYD will post 3.02 earnings per share for the current year.
BYD Increases Dividend
The company also recently announced a dividend, which will be paid on Wednesday, August 21st. Investors of record on Wednesday, June 12th will be given a $0.7221 dividend. The ex-dividend date is Wednesday, June 12th. This is a positive change from BYD’s previous dividend of $0.26. BYD’s dividend payout ratio is currently 24.66%.
BYD Company Profile
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.
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