Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG – Get Free Report) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 71,437 shares, a decline of 48.2% from the August 15th total of 137,796 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 504,059 shares, the days-to-cover ratio is currently 0.1 days.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on WYHG shares. Wall Street Zen upgraded Wing Yip Food Holdings Group to a “hold” rating in a research report on Saturday, August 22nd. Weiss Ratings raised Wing Yip Food Holdings Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, June 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.
Check Out Our Latest Stock Analysis on WYHG
Wing Yip Food Holdings Group Price Performance
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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