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

Baiya International Group Inc. (NASDAQ:BIYA) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 169,695 shares, a growth of 172.3% from the September 15th total of 62,330 shares. Based on an average trading volume of 1,307,736 shares, the days-to-cover ratio is currently 0.1 days. Currently, 6.3% of the company’s shares are sold short.

Baiya International Group Stock Performance

Baiya International Group stock traded down $0.07 during trading hours on Wednesday, hitting $1.40. 58,323 shares of the stock traded hands, compared to its average volume of 2,649,549. The firm’s 50-day moving average price is $2.20 and its two-hundred day moving average price is $6.22. Baiya International Group has a one year low of $1.30 and a one year high of $167.97.

Baiya International Group (NASDAQ:BIYA) last announced its earnings results on Wednesday, September 30th. The company reported ($0.27) earnings per share (EPS) for the quarter. The firm had revenue of $0.38 million during the quarter.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Baiya International Group from a “strong sell” rating to a “sell” rating in a report on Saturday, October 3rd. Weiss Ratings restated a “sell (e+)” rating on shares of Baiya International Group in a report on Monday, September 21st. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has an average 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.