BYD Company (OTCMKTS: BYDDY ) began this year with some great news. Specifically, the Chinese electric vehicle (EV) producer reported better fourth-quarter deliveries than Tesla (NASDAQ: TSLA ), demonstrating that it can do more than just compete with the sector leader — it can outshine it. That should have reassured Wall Street that BYDDY stock is a good buy as the EV market prepares to rebound in 2024. But according to recent reports, the opposite scenario is unfolding. Instead, bearish sentiment seems to be spreading when it comes to BYD. Indeed, short sellers are upping their bets against BYDDY stock, creating enough negative…
