BYD Electronic (International) Company Limited (OTCMKTS:BYDIF) Shares Shorted: Short Interest Down 45.9% in September

BYD Electronic (International) Company Limited (OTCMKTS:BYDIF) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 1,505,874 shares, a drop of 45.9% from the September 15th total of 2,785,895 shares. Based on an average daily volume of 10,665 shares, the short-interest ratio is currently 141.2 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group downgraded BYD Electronic (International) from a “neutral” rating to a “sell” rating in a research note on Monday, July 6th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, BYD Electronic (International) currently has an average rating of “Hold”.

BYD Electronic (International) Price Performance

BYD Electronic (International) stock opened at C$2.70 on Friday. The firm has a fifty day simple moving average of C$3.01 and a two-hundred day simple moving average of C$3.19. BYD Electronic has a twelve month low of C$2.39 and a twelve month high of C$5.58.

BYD Electronic (International) Company Profile

BYD Electronic (International) Company Limited is a China-based manufacturer and provider of integrated electronic manufacturing services. The company develops and produces components, modules and complete products for consumer electronics, including smartphones, tablets, notebooks, wearables and other intelligent devices.

Its business also includes components and systems for new energy vehicles, such as structural parts, vehicle electronics and other intelligent automotive products. BYD Electronic provides services spanning product design, materials, precision manufacturing, assembly and testing, enabling customers to outsource multiple stages of the product development and manufacturing process.

Headquartered in Shenzhen, China, BYD Electronic was established as a subsidiary of BYD Company and became a separately listed company in Hong Kong in 2007.