Baiya International Group Inc. (NASDAQ:BIYA) shares are trending on Friday.
Shares of the offshore holding company surged 51.32% to $4.60 after the bell on Thursday.
The after-hours gain followed an intraday climb of 8.43%, with the stock closing the regular session at $3.04, according to Benzinga Pro data.
Trading activity was elevated on Thursday. Volume reached 8.11 million shares, roughly four times the stock’s average daily volume of 2.03 million shares. Short interest stood at 4.13%.
Reverse Split Aimed At Nasdaq Compliance
The stock’s move comes after Baiya announced last week that its board had approved a 1-for-10 reverse stock split of its Class A ordinary shares. Trading on a split-adjusted basis began Monday.
The China-based company said the reverse split was intended to help it meet Nasdaq’s $1 minimum bid price requirement. It also reduced the number of outstanding shares from about 26.99 million to roughly 2.7 million.
Baiya offers job matching, entrusted recruitment, project outsourcing and SaaS-enabled HR solutions.
Trading Metrics, Technical Analysis
Baiya International has a market capitalization of $19.15 million, a 52-week high of $247 and a 52-week low of $2.75.
The Relative Strength Index (RSI) of BIYA stands at 38.57.
The stock has dropped 98.44% over the past 12 months.
Currently, BIYA is trading close to its annual low.
Benzinga’s Edge Stock Rankings indicate that BIYA has a negative price trend across all time frames.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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