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

Baiya International Group Inc. (NASDAQ:BIYA) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 369,889 shares, a growth of 8,454.3% from the April 15th total of 4,324 shares. Currently, 23.0% of the company’s stock are sold short. Based on an average trading volume of 25,287,154 shares, the days-to-cover ratio is currently 0.0 days.

Baiya International Group Trading Down 13.4%

BIYA traded down $0.14 on Monday, reaching $0.90. The company’s stock had a trading volume of 538,008 shares, compared to its average volume of 4,120,931. Baiya International Group has a 1 year low of $0.76 and a 1 year high of $151.50. The business’s 50 day moving average is $1.39 and its 200 day moving average is $4.18.

Baiya International Group (NASDAQ:BIYA) last posted its quarterly earnings data on Thursday, April 30th. The company reported $2.29 earnings per share (EPS) for the quarter. The business had revenue of $4.61 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Baiya International Group in a report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Baiya International Group Company Profile

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.