Short Interest in Baiya International Group Inc. (NASDAQ:BIYA) Decreases By 87.4%

Baiya International Group Inc. (NASDAQ:BIYA) saw a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 82,542 shares, a drop of 87.4% from the May 14th total of 652,736 shares. Currently, 5.1% of the company’s shares are sold short. Based on an average trading volume of 14,264,855 shares, the days-to-cover ratio is presently 0.0 days.

Baiya International Group Trading Up 9.8%

Shares of NASDAQ:BIYA opened at $0.89 on Wednesday. The firm’s 50-day moving average is $1.12 and its two-hundred day moving average is $2.87. Baiya International Group has a 1 year low of $0.61 and a 1 year high of $73.25.

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on BIYA shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Baiya International Group in a research report on Friday, March 27th. Wall Street Zen cut shares of Baiya International Group to a “strong sell” rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently 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.