Baiya International Group faces intense selling pressure as short interest explodes tenfold in one week and cost to borrow surges past 339%. The stock closed at $0.90, down 41% in one month, with no analyst coverage or insider buying to stabilize sentiment.
BIYA closed at $0.90 on April 24, down 15.9% for the day. The stock fell 7.7% over the past week and has collapsed 40.8% in one month. The human resource and employment services company trades without a reported market cap, reflecting its micro-cap status.
Short interest surged 964% in the past week to 201,862 shares as of April 23. The figure represents 1.01% of the free float. One-day growth alone clocked 23.7%, with shares short climbing from 163,185 on April 22. Over the past month, short interest jumped 925%.
The history shows a dramatic acceleration beginning April 20, when short shares jumped from 18,347 to 32,075, then doubled again by April 21. Most of late March and early April registered zero short interest. The current level is the highest in the available 30-day window. Official FINRA data from April 15 reported just 4,324 shares short, highlighting the speed of the recent shift.
Cost to borrow hit 339.3% on April 23, up 85.8% week-over-week and 41.9% month-over-month. The rate climbed from 306.96% the prior day and from 182.64% on April 16. The 30-day range shows CTB fluctuating between 143.6% and 339.3%, with the April 23 reading matching the highest level since the March 13 peak of 333.1%.
Utilisation reached 72.7% on April 23, recovering sharply from 0.75% on April 20. The reading jumped from 57.86% on April 22 and 82.49% on April 21. The 52-week high for utilisation stands at 100%, last approached in mid-March when readings climbed above 49%. The recent spike marks a return to elevated borrowing demand after two weeks near zero.
ORTEX's short score climbed to 80.09 on April 23, up from 78.24 the prior day and 44.18 on April 20. The score ranks first percentile among its peers, signaling an extreme reading. The metric has doubled in less than a week, reflecting the rapid buildup in short positioning and borrowing costs.
The dividend score ranks 28th percentile. Short score ranks first percentile, confirming the stock sits at the extreme end of short-interest intensity. Utilisation ranks eighth percentile, showing heavy borrowing relative to the universe. Days to cover ranks 71st percentile. Sector score sits at 21st percentile.
The largest holder is Hemei International Group Ltd with 42,120 shares, representing 2.52% of shares outstanding as of April 2025. No position changes reported. Individual Weilai Zhang holds 37,880 shares (2.27%), also unchanged. Datong International Group Ltd holds 36,840 shares (2.21%), Xinyi International Group Ltd and Hesheng International Group Ltd each hold 33,680 shares (2.02%).
Three individual holders entered the table in late November 2025: Linxi Xie, Yankun Wang, and Luting Zhang, each with 16,000–16,200 shares. All three represent new positions. The institutional data is 146 days old, predating the recent short-interest surge.
Baiya is scheduled to report earnings on May 13. The company's last two reports were September 30, 2025, and May 13, 2025; neither includes post-announcement price movement data in the snapshot. With short interest climbing to a 30-day high, borrowing costs above 339%, and no analyst coverage, the stock heads into the print with elevated volatility risk.
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