DDC Enterprise Limited (NYSEAMERICAN:DDC – Get Free Report) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 89,592 shares, a decline of 45.1% from the June 30th total of 163,316 shares. Based on an average daily trading volume, of 141,859 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the company’s shares are short sold.
Analyst Upgrades and Downgrades
Separately, Benchmark assumed coverage on DDC Enterprise in a research note on Monday, April 27th. They issued a “buy” rating and a $3.00 target price for the company. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $3.00.
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Hedge Funds Weigh In On DDC Enterprise
DDC Enterprise Stock Down 12.2%
Shares of DDC Enterprise stock traded down $0.06 during trading on Friday, hitting $0.42. The company’s stock had a trading volume of 139,408 shares, compared to its average volume of 150,770. DDC Enterprise has a 52 week low of $0.42 and a 52 week high of $14.67. The business’s fifty day moving average price is $0.89. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.88 and a quick ratio of 0.86.
DDC Enterprise Company Profile
DDC Enterprise Ltd is a content driven consumer brand offering easy, convenient ready-to-heat, ready-to-cook, and plant-based meal products i.e. meal products consisting largely or solely of vegetables, fruits, grains, and other foods derived from plant-based protein, rather than animal protein) while promoting healthier lifestyle choices to the Millennial and Generation Z customer-base. The company’s operates in two operating segments: merchandise sales and fresh agriculture produce. It is also engaged in the provision of advertising services and the operation of experience stores to offer cooking classes.
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