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

BYD Electronic (International) Company Limited (OTCMKTS:BYDIF) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 8,846,563 shares, a drop 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 short-interest ratio is currently 2,559.8 days.

BYD Electronic (International) Price Performance

BYDIF stock opened at C$3.59 on Monday. BYD Electronic has a twelve month low of C$3.00 and a twelve month high of C$5.79. The stock has a 50-day simple moving average of C$3.68 and a two-hundred day simple moving average of C$4.15.

Analysts Set New Price Targets

BYDIF has been the subject of several analyst reports. Jefferies Financial Group reiterated a “hold” rating on shares of BYD Electronic (International) in a research note on Monday, March 30th. The Goldman Sachs Group lowered BYD Electronic (International) from a “buy” rating to a “neutral” rating in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

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.