BYD Company Limited (OTCMKTS:BYDDY – Get Free Report) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totalling 134,600 shares, a decrease of 14.6% from the May 31st total of 157,600 shares. Based on an average daily volume of 532,800 shares, the short-interest ratio is presently 0.3 days.
Analysts Set New Price Targets
Separately, Macquarie initiated coverage on shares of BYD in a research note on Monday, April 15th. They set an “outperform” rating on the stock.
BYD Price Performance
BYD (OTCMKTS:BYDDY – Get Free Report) last issued its quarterly 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 for the quarter. BYD had a net margin of 4.93% and a return on equity of 21.49%. Analysts expect that BYD will post 3.02 EPS for the current fiscal year.
BYD Increases Dividend
The business also recently disclosed a dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Wednesday, June 12th will be given a dividend of $0.7221 per share. The ex-dividend date is Wednesday, June 12th. This is an increase from BYD’s previous dividend of $0.26. BYD’s payout ratio is currently 24.66%.
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.
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