BAIYU Holdings, Inc. (NASDAQ:BYU) Short Interest Down 80.7% in April

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

BAIYU Stock Performance

Shares of BYU traded down $0.07 during mid-day trading on Thursday, reaching $1.20. The stock had a trading volume of 9,471 shares, compared to its average volume of 75,906. BAIYU has a 52-week low of $1.11 and a 52-week high of $57.00. The company has a fifty day moving average of $1.39. The stock has a market capitalization of $23.75 million, a price-to-earnings ratio of -1.76 and a beta of 0.35.

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

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.