Baiya International Group Inc. (NASDAQ:BIYA) Short Interest Up 216.9% in June

Baiya International Group Inc. (NASDAQ:BIYA) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 111,163 shares, an increase of 216.9% from the June 15th total of 35,081 shares. Based on an average trading volume of 41,219,591 shares, the days-to-cover ratio is presently 0.0 days. Approximately 6.9% of the company’s stock are short sold.

Baiya International Group Trading Down 2.6%

Shares of Baiya International Group stock traded down $0.12 during trading hours on Monday, hitting $4.43. 76,689 shares of the company’s stock traded hands, compared to its average volume of 878,059. Baiya International Group has a 12-month low of $2.75 and a 12-month high of $247.00. The company has a fifty day simple moving average of $7.93 and a 200-day simple moving average of $19.70.

Baiya International Group (NASDAQ:BIYA) last issued its quarterly earnings results on Thursday, April 30th. The company reported $22.93 earnings per share for the quarter. The company had revenue of $4.61 million during the quarter.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Baiya International Group in a research report on Wednesday, June 24th. Wall Street Zen upgraded shares of Baiya International Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 13th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Baiya International Group Company Profile

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.