Short Interest in BAIYU Holdings, Inc. (NASDAQ:BYU) Decreases By 35.4%

BAIYU Holdings, Inc. (NASDAQ:BYU) was the recipient of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 768,300 shares, a decline of 35.4% from the October 15th total of 1,190,000 shares. Approximately 3.3% of the company’s shares are short sold. Based on an average daily trading volume, of 1,730,000 shares, the days-to-cover ratio is presently 0.4 days.

BAIYU Stock Performance

Shares of NASDAQ:BYU traded down $0.00 during midday trading on Thursday, reaching $0.19. The company’s stock had a trading volume of 682,809 shares, compared to its average volume of 620,779. The firm has a market capitalization of $9.34 million, a price-to-earnings ratio of 0.18 and a beta of 0.59. BAIYU has a fifty-two week low of $0.16 and a fifty-two week high of $6.38. The firm has a 50 day moving average price of $0.61 and a two-hundred day moving average price of $1.25.

BAIYU (NASDAQ:BYU) last posted its earnings results on Monday, August 12th. The company reported $0.08 earnings per share for the quarter. The company had revenue of $26.46 million for the quarter. BAIYU had a net margin of 6.53% and a return on equity of 2.05%.

BAIYU Company Profile

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.