Short Interest in Hf Foods Group Inc. (NASDAQ:HFFG) Expands By 28.1%

Hf Foods Group Inc. (NASDAQ:HFFG) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totaling 831,709 shares, a growth of 28.1% from the December 15th total of 649,175 shares. Approximately 1.7% of the company’s stock are short sold. Based on an average trading volume of 111,089 shares, the short-interest ratio is currently 7.5 days. Based on an average trading volume of 111,089 shares, the short-interest ratio is currently 7.5 days. Approximately 1.7% of the company’s stock are short sold.

Wall Street Analyst Weigh In

HFFG has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hf Foods Group in a report on Monday, December 29th. Wall Street Zen cut Hf Foods Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.00.

Institutional Trading of Hf Foods Group

Several large investors have recently added to or reduced their stakes in HFFG. Invesco Ltd. grew its stake in Hf Foods Group by 37.1% during the 2nd quarter. Invesco Ltd. now owns 16,070 shares of the company’s stock valued at $51,000 after acquiring an additional 4,351 shares in the last quarter. JPMorgan Chase & Co. increased its position in Hf Foods Group by 11.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 54,436 shares of the company’s stock worth $150,000 after purchasing an additional 5,640 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Hf Foods Group by 1.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 420,812 shares of the company’s stock worth $1,161,000 after purchasing an additional 5,708 shares in the last quarter. Bridgeway Capital Management LLC grew its stake in shares of Hf Foods Group by 6.0% in the 3rd quarter. Bridgeway Capital Management LLC now owns 112,155 shares of the company’s stock valued at $310,000 after buying an additional 6,337 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Hf Foods Group by 192.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 12,450 shares of the company’s stock valued at $40,000 after buying an additional 8,197 shares in the last quarter. 24.02% of the stock is owned by institutional investors and hedge funds.

Hf Foods Group Price Performance

NASDAQ HFFG opened at $2.13 on Tuesday. Hf Foods Group has a 12 month low of $1.70 and a 12 month high of $4.93. The firm has a market capitalization of $112.98 million, a PE ratio of -2.48, a P/E/G ratio of 0.32 and a beta of 0.42. The company’s 50 day simple moving average is $2.34 and its 200 day simple moving average is $2.74. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.19 and a quick ratio of 0.42.

Hf Foods Group (NASDAQ:HFFG) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). Hf Foods Group had a negative net margin of 3.71% and a positive return on equity of 8.01%. The business had revenue of $306.98 million during the quarter, compared to analyst estimates of $303.41 million. As a group, equities research analysts forecast that Hf Foods Group will post 0.22 EPS for the current fiscal year.

Hf Foods Group Company Profile

HF Foods Group, Inc, together with its subsidiaries, manufactures, imports and distributes a variety of ethnic and specialty food products primarily for retail and foodservice customers in the United States. The company focuses on value‐added fresh and frozen offerings that cater to growing consumer interest in Hispanic and other global cuisines. Its vertically integrated operations include in‐house manufacturing, procurement of specialty ingredients, and third‐party distribution partnerships.

The company’s product portfolio spans a broad range of categories, including fresh and frozen tamales, enchiladas, empanadas, tortillas and quesadillas, as well as shelf‐stable salsas, sauces, dips, spreads and snack items.