Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG – Get Free Report) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 154,298 shares, a decrease of 54.0% from the April 15th total of 335,751 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 3,125,841 shares, the days-to-cover ratio is currently 0.0 days.
Wing Yip Food Holdings Group Stock Performance
WYHG opened at $0.80 on Friday. The stock’s 50 day moving average price is $0.54 and its 200-day moving average price is $0.63. Wing Yip Food Holdings Group has a one year low of $0.39 and a one year high of $2.05. The company has a quick ratio of 3.61, a current ratio of 3.75 and a debt-to-equity ratio of 0.04.
Wing Yip Food Holdings Group shares are going to reverse split before the market opens on Tuesday, June 2nd. The 1-4 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, June 1st.
Institutional Trading of Wing Yip Food Holdings Group
A number of large investors have recently modified their holdings of the company. Centiva Capital LP purchased a new stake in shares of Wing Yip Food Holdings Group in the third quarter valued at approximately $37,000. Virtu Financial LLC purchased a new stake in shares of Wing Yip Food Holdings Group in the third quarter valued at approximately $38,000. Citadel Advisors LLC purchased a new stake in shares of Wing Yip Food Holdings Group in the third quarter valued at approximately $46,000. Renaissance Technologies LLC boosted its holdings in shares of Wing Yip Food Holdings Group by 296.1% in the fourth 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. Finally, Goldman Sachs Group Inc. boosted its holdings 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 valued at $76,000 after purchasing an additional 58,045 shares during the period.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Wing Yip Food Holdings Group in a research note on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Wing Yip Food Holdings Group currently has a consensus rating of “Sell”.
Get Our Latest Stock Analysis on WYHG
About Wing Yip Food Holdings Group
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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