BAIYU Holdings, Inc. (NASDAQ:BYU) Sees Large Drop in Short Interest

BAIYU Holdings, Inc. (NASDAQ:BYU) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totalling 6,000 shares, a drop of 80.7% from the March 31st total of 31,100 shares. Based on an average trading volume of 78,000 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

BAIYU Price Performance

NASDAQ BYU traded up $0.01 during trading on Friday, hitting $1.21. 13,710 shares of the company traded hands, compared to its average volume of 75,137. BAIYU has a 12 month low of $1.11 and a 12 month high of $57.00. The business’s fifty day simple moving average is $1.38. The company has a market cap of $23.94 million, a P/E ratio of -1.78 and a beta of 0.35.

BAIYU (NASDAQ:BYU) last issued its quarterly earnings results on Friday, March 22nd. The company reported $0.66 earnings per share (EPS) for the quarter. The company had revenue of $31.62 million for the quarter. BAIYU had a negative return on equity of 0.31% and a negative net margin of 0.82%.

About BAIYU

BAIYU Holdings, Inc engages in commodities trading and supply chain service businesses in the People's Republic of China. The company's commodity trading business engages in purchasing non-ferrous metal products, such as aluminum ingots, copper, silver, and gold from upstream metal and mineral suppliers and then selling to downstream customers.