Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) Sees Significant Growth in Short Interest

Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 61,000 shares, an increase of 269.7% from the August 31st total of 16,500 shares. Based on an average daily trading volume, of 314,100 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 314,100 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

WYHG has been the subject of several analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Wing Yip Food Holdings Group in a report on Saturday, September 27th. Wall Street Zen raised Wing Yip Food Holdings Group to a “hold” rating in a report on Saturday, September 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Wing Yip Food Holdings Group

A hedge fund recently bought a new stake in Wing Yip Food Holdings Group stock. Advisors Preferred LLC bought a new stake in shares of Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,642 shares of the company’s stock, valued at approximately $114,000.

Wing Yip Food Holdings Group Stock Performance

NASDAQ WYHG opened at $1.34 on Friday. Wing Yip Food Holdings Group has a twelve month low of $1.10 and a twelve month high of $12.00. The company has a quick ratio of 3.51, a current ratio of 3.63 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average of $1.36 and a 200 day moving average of $3.43.

About Wing Yip Food Holdings Group

Wing Yip Food Holdings Group Ltd. is a holding company. It engages in the business of processing, selling, and distributing cured meat products including cured pork sausages, cured pork meat, and other cured meat products such as cured chicken, cured duck, and cured fish; snack products including ready-to-eat sausages, jerky, duck necks, duck feet, and clay pot rice; and frozen meat products including frozen sausages, frozen beef patties, and frozen chicken breast fillets.