Baiya International Group Inc. (NASDAQ:BIYA) Sees Significant Drop in Short Interest

Baiya International Group Inc. (NASDAQ:BIYA) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 35,081 shares, a decline of 57.5% from the May 31st total of 82,542 shares. Currently, 2.2% of the company’s stock are short sold. Based on an average trading volume of 4,246,268 shares, the days-to-cover ratio is currently 0.0 days.

Baiya International Group Stock Up 6.3%

NASDAQ:BIYA traded up $0.04 during trading hours on Wednesday, reaching $0.59. 26,515,168 shares of the company traded hands, compared to its average volume of 8,257,580. The business’s 50-day moving average price is $0.90 and its two-hundred day moving average price is $2.23. Baiya International Group has a 1 year low of $0.28 and a 1 year high of $24.70.

Baiya International Group (NASDAQ:BIYA) last released its earnings results on Thursday, April 30th. The company reported $2.29 EPS for the quarter. The company had revenue of $4.61 million during the quarter.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Wall Street Zen raised Baiya International Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 13th. Weiss Ratings restated a “sell (e+)” rating on shares of Baiya International Group in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Baiya International Group currently has a consensus rating of “Sell”.

About Baiya International Group

We, Baiya International Group Inc (“Baiya”), are an offshore holding company incorporated in the Cayman Islands. We are not a Chinese operating company, but an offshore holding company incorporated in the Cayman Islands. As a holding company, we have no material operations and conduct all of our operations in China through the VIE, Shenzhen Gongwuyuan Network Technology Co, Ltd. (“Gongwuyuan”), and its subsidiaries, collectively, “PRC operating entities”. We entered into a series of Contractual Arrangements with the VIE and certain shareholders of Gongwuyuan, and this structure involves unique risks to investors.