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

BAIYU Holdings, Inc. (NASDAQ:BYU) was the target of a significant decline in short interest during 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. Based on an average daily trading volume, of 1,730,000 shares, the days-to-cover ratio is currently 0.4 days. Currently, 3.3% of the shares of the company are sold short.

BAIYU Stock Down 7.3 %

BYU stock traded down $0.01 during mid-day trading on Friday, reaching $0.18. 1,371,021 shares of the stock traded hands, compared to its average volume of 625,183. The business has a 50-day moving average of $0.58 and a two-hundred day moving average of $1.23. The firm has a market capitalization of $8.94 million, a PE ratio of 0.18 and a beta of 0.59. BAIYU has a 52 week low of $0.16 and a 52 week high of $6.38.

BAIYU (NASDAQ:BYU) last posted its quarterly earnings results on Monday, August 12th. The company reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $26.46 million during the quarter. BAIYU had a net margin of 8.68% and a return on equity of 2.70%.

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.