Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) Short Interest Update

Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 38,700 shares, a decrease of 36.6% from the September 15th total of 61,000 shares. Based on an average daily volume of 336,000 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 336,000 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Wing Yip Food Holdings Group

A hedge fund recently bought a new stake in Wing Yip Food Holdings Group stock. Advisors Preferred LLC purchased a new position in Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 12,642 shares of the company’s stock, valued at approximately $114,000.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wall Street Zen raised Wing Yip Food Holdings Group to a “hold” rating in a report on Saturday, September 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of Wing Yip Food Holdings Group in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Wing Yip Food Holdings Group Stock Down 3.1%

NASDAQ:WYHG opened at $1.11 on Thursday. Wing Yip Food Holdings Group has a 1 year low of $1.10 and a 1 year high of $12.00. The company has a quick ratio of 3.51, a current ratio of 3.63 and a debt-to-equity ratio of 0.03. The business has a 50 day simple moving average of $1.37 and a 200-day simple moving average of $2.71.

About Wing Yip Food Holdings Group

Wing Yip Food Holdings Group Ltd. is a holding company. It engages in the business of processing, selling, and distributing cured meat products including cured pork sausages, cured pork meat, and other cured meat products such as cured chicken, cured duck, and cured fish; snack products including ready-to-eat sausages, jerky, duck necks, duck feet, and clay pot rice; and frozen meat products including frozen sausages, frozen beef patties, and frozen chicken breast fillets.