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

Baiya International Group Inc. (NASDAQ:BIYA) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 111,163 shares, a growth of 216.9% from the June 15th total of 35,081 shares. Currently, 6.9% of the company’s shares are sold short. Based on an average daily trading volume, of 41,219,591 shares, the short-interest ratio is presently 0.0 days.

Baiya International Group Stock Down 14.6%

Shares of NASDAQ:BIYA opened at $3.50 on Wednesday. Baiya International Group has a twelve month low of $2.75 and a twelve month high of $247.00. The stock’s 50 day moving average is $7.43 and its 200-day moving average is $19.20.

Baiya International Group (NASDAQ:BIYA) last posted its quarterly earnings results on Thursday, April 30th. The company reported $22.93 earnings per share (EPS) for the quarter. The business had revenue of $4.61 million during the quarter.

Analyst Upgrades and Downgrades

BIYA has been the topic of a number of research reports. Wall Street Zen upgraded shares of Baiya International Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 13th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Baiya International Group in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company 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.