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

BAIYU Holdings, Inc. (NASDAQ:BYU) saw a large 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. Approximately 3.3% of the company’s shares are sold short. Based on an average trading volume of 1,730,000 shares, the short-interest ratio is presently 0.4 days.

BAIYU Stock Performance

BYU traded down $0.01 during midday trading on Friday, reaching $0.18. 1,371,021 shares of the company were exchanged, compared to its average volume of 625,183. The stock has a market capitalization of $8.94 million, a P/E ratio of 0.18 and a beta of 0.59. BAIYU has a one year low of $0.16 and a one year high of $6.38. The stock’s 50-day simple moving average is $0.58 and its 200 day simple moving average is $1.23.

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

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.