BAIYU Holdings, Inc. (NASDAQ:BYU) Short Interest Up 505.6% in August

BAIYU Holdings, Inc. (NASDAQ:BYU) saw a large increase in short interest in August. As of August 15th, there was short interest totalling 32,700 shares, an increase of 505.6% from the July 31st total of 5,400 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 81,100 shares, the days-to-cover ratio is currently 0.4 days.

BAIYU Trading Up 2.3 %

NASDAQ BYU opened at $4.40 on Thursday. BAIYU has a 12 month low of $1.04 and a 12 month high of $55.00. The stock’s 50 day moving average is $1.58 and its 200 day moving average is $1.40. The stock has a market cap of $87.72 million, a PE ratio of -8.63 and a beta of 0.29.

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.