Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG – Get Free Report) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 137,796 shares, a growth of 58.5% from the July 30th total of 86,935 shares. Based on an average trading volume of 8,041,843 shares, the days-to-cover ratio is presently 0.0 days. Currently, 1.1% of the shares of the company are sold short.
Wing Yip Food Holdings Group Stock Down 4.4%
Shares of Wing Yip Food Holdings Group stock opened at $4.09 on Thursday. Wing Yip Food Holdings Group has a 12-month low of $1.56 and a 12-month high of $26.17. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.77 and a quick ratio of 4.42. The company’s 50-day moving average price is $4.53 and its 200-day moving average price is $3.34.
Analyst Upgrades and Downgrades
WYHG has been the subject of a number of analyst reports. Wall Street Zen raised Wing Yip Food Holdings Group to a “hold” rating in a report on Saturday, August 22nd. Weiss Ratings upgraded Wing Yip Food Holdings Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, June 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.
Institutional Trading of Wing Yip Food Holdings Group
Hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its holdings in Wing Yip Food Holdings Group by 296.1% in the 4th quarter. Renaissance Technologies LLC now owns 60,200 shares of the company’s stock valued at $33,000 after purchasing an additional 45,000 shares during the period. Centiva Capital LP purchased a new position in shares of Wing Yip Food Holdings Group during the 3rd quarter valued at $37,000. Virtu Financial LLC bought a new position in shares of Wing Yip Food Holdings Group in the third quarter worth $38,000. Citadel Advisors LLC bought a new position in shares of Wing Yip Food Holdings Group in the third quarter worth $46,000. Finally, Goldman Sachs Group Inc. raised its position in shares of Wing Yip Food Holdings Group by 73.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 137,500 shares of the company’s stock worth $76,000 after buying an additional 58,045 shares in the last quarter.
Wing Yip Food Holdings Group Company Profile
Wing Yip Food Holdings Group (NASDAQ:WYHG) is a specialist retailer and distributor of Asian food products, operating a network of hypermarkets, wholesale warehouses and online channels. The company’s core business encompasses the sourcing, importation and sale of a broad assortment of groceries from China, Southeast Asia and other regions, including fresh produce, frozen seafood, rice, noodles, sauces, spices and specialty ingredients.
Through its flagship hypermarkets in key metropolitan areas of the United Kingdom, Wing Yip provides both retail customers and foodservice operators with access to a comprehensive range of Asian culinary products.
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