Short Interest in YY Group Holding Limited (NASDAQ:YYGH) Expands By 66.8%

YY Group Holding Limited (NASDAQ:YYGH) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 480,640 shares, a growth of 66.8% from the August 15th total of 288,086 shares. Based on an average daily trading volume, of 11,555,522 shares, the short-interest ratio is currently 0.0 days. Currently, 980.9% of the shares of the stock are short sold.

YY Group Stock Performance

NASDAQ YYGH opened at $1.47 on Thursday. The business’s 50 day moving average price is $1.33 and its 200-day moving average price is $27.88. YY Group has a fifty-two week low of $1.02 and a fifty-two week high of $3,697.50. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.90 and a quick ratio of 0.90.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on YYGH shares. Weiss Ratings upgraded shares of YY Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. Wall Street Zen upgraded YY Group to a “sell” rating in a research report on Saturday, June 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, YY Group presently has an average rating of “Sell”.

About YY Group

YY Group Holding Limited, a data and technology driven company, provides manpower outsourcing and cleaning services in Singapore and Malaysia. Its cleaning services include commercial cleaning for offices and schools; hospitality cleaning for hotels and shopping centers; industrial cleaning, facade cleaning, disinfection, and stewarding services for meetings, incentives, conferences, and exhibitions, as well as banquets; and pest control services. The company also offers cleaning robots and machines to enhance cleaning performance by deploying them at designated premises.