BYD Investors Grow Less Pessimistic on Stock Ahead of Earnings

After BYD Co.’s dramatic stock plunge in recent months, signs are emerging that investors are getting more positive about the Chinese electric-vehicle maker as it prepares to release results later Friday.

In the options market, the number of bullish contracts outstanding has risen to near its highest level since May 2024 relative to bearish wagers, while the cost of hedging against equity losses has slumped from a high in April. With the shares down 28% from a peak in May, the bar is low for BYD’s earnings to impress investors.