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

Baiya International Group Inc. (NASDAQ:BIYA) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 35,081 shares, a decrease of 57.5% from the May 31st total of 82,542 shares. Based on an average daily volume of 4,246,268 shares, the days-to-cover ratio is presently 0.0 days. Currently, 2.2% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BIYA shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Baiya International Group in a 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 report on Saturday, June 13th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Baiya International Group currently has an average rating of “Sell”.

Baiya International Group Stock Up 22.7%

NASDAQ:BIYA traded up $0.06 during trading hours on Tuesday, hitting $0.35. The company had a trading volume of 297,518,374 shares, compared to its average volume of 7,277,473. Baiya International Group has a 1 year low of $0.28 and a 1 year high of $24.70. The company has a 50-day moving average of $0.91 and a 200 day moving average of $2.27.

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

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.