BYD Company Limited (OTCMKTS:BYDDY – Get Free Report) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 134,600 shares, a decline of 14.6% from the May 31st total of 157,600 shares. Based on an average trading volume of 532,800 shares, the days-to-cover ratio is currently 0.3 days.
Wall Street Analysts Forecast Growth
Separately, Macquarie initiated coverage on BYD in a research report on Monday, April 15th. They issued an “outperform” rating on the stock.
Check Out Our Latest Research Report on BYD
BYD Stock Performance
BYD (OTCMKTS:BYDDY – Get Free Report) last posted its quarterly earnings results on Monday, April 29th. The company reported $0.44 EPS for the quarter. BYD had a return on equity of 21.49% and a net margin of 4.93%. The business had revenue of $17.45 billion during the quarter. On average, analysts expect that BYD will post 3.02 earnings per share for the current fiscal year.
BYD Increases Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, August 21st. Investors of record on Wednesday, June 12th will be issued a dividend of $0.7221 per share. The ex-dividend date of this dividend is Wednesday, June 12th. This is a boost from BYD’s previous dividend of $0.26. BYD’s dividend payout ratio (DPR) is presently 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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