Baiya International Group Inc. (NASDAQ:BIYA) Short Interest Up 76.5% in May

Baiya International Group Inc. (NASDAQ:BIYA) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 652,736 shares, an increase of 76.5% from the April 30th total of 369,889 shares. Based on an average daily trading volume, of 7,816,998 shares, the days-to-cover ratio is presently 0.1 days. Approximately 40.5% of the company’s shares are short sold.

Analysts Set New Price Targets

Several analysts have recently commented on BIYA shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Baiya International Group in a research report on Friday, March 27th. Wall Street Zen downgraded shares of Baiya International Group to a “strong sell” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Baiya International Group Price Performance

Baiya International Group stock traded down $0.00 during trading on Wednesday, hitting $0.90. The stock had a trading volume of 159,713 shares, compared to its average volume of 5,185,025. The stock’s 50 day moving average is $1.19 and its two-hundred day moving average is $3.18. Baiya International Group has a 1 year low of $0.61 and a 1 year high of $150.00.

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

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.