BAIYU Holdings, Inc. (NASDAQ:BYU) Short Interest Update

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

BAIYU Price Performance

Shares of NASDAQ:BYU traded down $0.01 on Friday, hitting $0.18. 1,378,933 shares of the company’s stock were exchanged, compared to its average volume of 625,183. BAIYU has a 12 month low of $0.16 and a 12 month high of $6.38. The stock has a market capitalization of $8.94 million, a price-to-earnings ratio of 0.18 and a beta of 0.59. The business’s 50 day simple moving average is $0.58 and its two-hundred day simple moving average is $1.23.

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.