Baiya International Group Inc. (NASDAQ:BIYA) Short Interest Down 87.4% in May

Baiya International Group Inc. (NASDAQ:BIYA) was the recipient of 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. Based on an average trading volume of 14,264,855 shares, the short-interest ratio is currently 0.0 days. Currently, 5.1% of the shares of the company are sold short.

Analysts Set New Price Targets

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

Baiya International Group Price Performance

Shares of NASDAQ:BIYA traded down $0.24 during trading hours on Thursday, hitting $0.97. The stock had a trading volume of 2,117,245 shares, compared to its average volume of 5,256,788. The stock’s fifty day simple moving average is $1.12 and its 200 day simple moving average is $2.83. Baiya International Group has a 1-year low of $0.61 and a 1-year high of $38.75.

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

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.