BAIYU Holdings, Inc. (NASDAQ:BYU) Sees Significant Increase in Short Interest

BAIYU Holdings, Inc. (NASDAQ:BYU) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totalling 4,000 shares, an increase of 5.3% from the June 30th total of 3,800 shares. Based on an average trading volume of 20,000 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

BAIYU Price Performance

Shares of NASDAQ:BYU traded down $0.01 during trading on Thursday, reaching $1.19. The stock had a trading volume of 8,209 shares, compared to its average volume of 50,565. The stock has a market capitalization of $23.73 million, a PE ratio of -2.29 and a beta of 0.29. BAIYU has a 52 week low of $1.04 and a 52 week high of $57.00. The business’s 50-day moving average price is $1.17 and its 200 day moving average price is $1.28.

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

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.