Baiya International Group Inc. (NASDAQ:BIYA – Get Free Report) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 69,175 shares, a decrease of 56.1% from the July 30th total of 157,457 shares. Based on an average daily volume of 467,333 shares, the short-interest ratio is presently 0.1 days. Currently, 2.6% of the company’s shares are sold short.
Baiya International Group Stock Down 5.5%
NASDAQ:BIYA traded down $0.13 during midday trading on Friday, hitting $2.23. The stock had a trading volume of 30,125 shares, compared to its average volume of 340,910. The stock has a 50-day moving average of $3.53 and a 200 day moving average of $9.97. Baiya International Group has a one year low of $1.91 and a one year high of $187.50.
Wall Street Analysts Forecast Growth
BIYA has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of Baiya International Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of Baiya International Group in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average 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.
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