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 decline in short interest in the month of June. As of June 15th, there was short interest totaling 59,789 shares, a decline of 69.5% from the May 31st total of 195,725 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily volume of 216,040 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Wing Yip Food Holdings Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC lifted its stake in shares of Wing Yip Food Holdings Group by 296.1% during the 4th quarter. Renaissance Technologies LLC now owns 60,200 shares of the company’s stock worth $33,000 after acquiring an additional 45,000 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in 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 purchasing an additional 58,045 shares during the period. Citadel Advisors LLC purchased a new stake in Wing Yip Food Holdings Group in the third quarter worth $46,000. Centiva Capital LP bought a new stake in shares of Wing Yip Food Holdings Group during the third quarter worth $37,000. Finally, Virtu Financial LLC bought a new stake in shares of Wing Yip Food Holdings Group during the third quarter worth $38,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Wing Yip Food Holdings Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, June 15th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Wing Yip Food Holdings Group Price Performance

WYHG stock opened at $3.61 on Monday. Wing Yip Food Holdings Group has a 12 month low of $1.56 and a 12 month high of $8.81. The company has a 50-day moving average price of $3.53 and a 200 day moving average price of $2.62. The company has a quick ratio of 4.42, a current ratio of 4.77 and a debt-to-equity ratio of 0.08.

Wing Yip Food Holdings Group (NASDAQ:WYHG) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.80) earnings per share for the quarter. The company had revenue of $32.97 million for the quarter.

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.