Baiya International Group Inc. (NASDAQ:BIYA) Sees Significant Drop in Short Interest

Baiya International Group Inc. (NASDAQ:BIYAGet Free Report) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 15,748 shares, a drop of 97.6% from the December 15th total of 654,832 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average daily trading volume, of 28,859 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 28,859 shares, the short-interest ratio is currently 0.5 days. Approximately 1.3% of the company’s stock are short sold.

Baiya International Group Price Performance

Shares of Baiya International Group stock traded up $0.66 on Monday, reaching $4.61. The stock had a trading volume of 71,757 shares, compared to its average volume of 26,993. The business’s 50-day moving average price is $6.16 and its two-hundred day moving average price is $12.10. Baiya International Group has a fifty-two week low of $3.65 and a fifty-two week high of $200.00.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Baiya International Group in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Baiya International Group presently has a consensus rating of “Sell”.

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Baiya International Group Company Profile

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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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