Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) Short Interest Up 474.0% in May

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY – Get Free Report) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 14,833 shares, a growth of 474.0% from the May 14th total of 2,584 shares. Based on an average daily trading volume, of 11,460 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group cut shares of Yue Yuen Industrial from a “moderate sell” rating to a “strong sell” rating in a research note on Monday, March 16th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Yue Yuen Industrial has an average rating of “Sell”.

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Yue Yuen Industrial Price Performance

Shares of YUEIY remained flat at $9.07 during mid-day trading on Wednesday. 11,496 shares of the stock traded hands, compared to its average volume of 3,482. Yue Yuen Industrial has a one year low of $6.86 and a one year high of $12.61. The stock has a 50 day moving average of $9.65 and a 200-day moving average of $10.53. The company has a quick ratio of 1.37, a current ratio of 2.12 and a debt-to-equity ratio of 0.08.

About Yue Yuen Industrial

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Yue Yuen Industrial (OTCMKTS: YUEIY) is one of the world’s leading footwear manufacturers, specializing in the design, development, production and distribution of athletic, casual and performance footwear. As an original design manufacturer (ODM) and original equipment manufacturer (OEM), the company partners with many of the globe’s most recognizable sportswear brands, providing end-to-end solutions that range from material sourcing and prototype development to mass production and quality assurance.

The company’s product portfolio encompasses a broad spectrum of footwear categories, including running shoes, basketball sneakers, outdoor footwear and lifestyle models.

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