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

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

Baiya International Group Trading Up 2.1%

Shares of NASDAQ:BIYA opened at $0.92 on Thursday. The business’s fifty day moving average price is $1.17 and its two-hundred day moving average price is $3.08. Baiya International Group has a fifty-two week low of $0.61 and a fifty-two week high of $150.00.

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

Wall Street Analysts Forecast Growth

BIYA has been the topic of several recent research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Baiya International Group in a report on Friday, March 27th. Wall Street Zen lowered Baiya International Group to a “strong sell” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Baiya International Group currently has a consensus 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.