Short Interest in BAIYU Holdings, Inc. (NASDAQ:BYU) Drops By 90.9%

BAIYU Holdings, Inc. (NASDAQ:BYU) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 300 shares, a decrease of 90.9% from the May 31st total of 3,300 shares. Based on an average trading volume of 22,200 shares, the short-interest ratio is currently 0.0 days.

BAIYU Price Performance

NASDAQ:BYU remained flat at $1.18 during trading hours on Friday. The company’s stock had a trading volume of 14,109 shares, compared to its average volume of 14,563. BAIYU has a one year low of $1.04 and a one year high of $57.00. The stock has a fifty day simple moving average of $1.18 and a 200-day simple moving average of $1.33.

BAIYU (NASDAQ:BYU) last announced its quarterly earnings data on Friday, May 10th. The company reported $0.17 earnings per share (EPS) for the quarter. The business had revenue of $28.09 million for the quarter. BAIYU had a return on equity of 0.12% and a net margin of 0.33%.

About BAIYU

BAIYU Holdings, Inc engages in commodities trading and supply chain service businesses in the People's Republic of China. The company's commodity trading business engages in purchasing non-ferrous metal products, such as aluminum ingots, copper, silver, and gold from upstream metal and mineral suppliers and then selling to downstream customers.