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Morgan Stanley said in a report that BYD COMPANY (01211.HK)  -4.550 (-8.434%)    Short selling $243.09M; Ratio 34.900%   's net profit for the third quarter slid 26% yearly, or 92% quarterly, to RMB28.22 million, missing its and market estimates by 89% and 93%. Rating was downgraded from Equalweight to Underweight. Moreover, the company's earnings forecasts for 2014 and 2015 were cut by 54% and 7% respectively. Target price was slashed by 7% to $40 from $43 accordingly.  

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