Short Interest in Baiya International Group Inc. (NASDAQ:BIYA) Drops By 57.5%

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. Based on an average daily volume of 4,246,268 shares, the short-interest ratio is currently 0.0 days. Currently, 2.2% of the company’s stock are sold short.

Baiya International Group Trading Down 16.1%

NASDAQ:BIYA traded down $0.05 during trading hours on Monday, reaching $0.28. 924,512 shares of the stock were exchanged, compared to its average volume of 4,946,638. Baiya International Group has a twelve month low of $0.28 and a twelve month high of $24.70. The firm has a 50 day moving average of $0.93 and a 200 day moving average of $2.31.

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

Analyst Upgrades and Downgrades

Several brokerages have commented on BIYA. Weiss Ratings restated a “sell (e+)” rating on shares of Baiya International Group in a report on Wednesday. Wall Street Zen raised shares of Baiya International Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 13th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average 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.