DDC Enterprise Limited (NYSEAMERICAN:DDC) Shares Shorted: Short Interest Up 67.3% in October

DDC Enterprise Limited (NYSEAMERICAN:DDC) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 251,764 shares, an increase of 67.3% from the September 30th total of 150,459 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 9,359,129 shares, the short-interest ratio is currently 0.0 days.

DDC Enterprise Stock Performance

Shares of NYSEAMERICAN DDC opened at $0.13 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.80 and a current ratio of 1.83. DDC Enterprise has a one year low of $0.12 and a one year high of $7.15. The business’s 50-day moving average price is $0.24 and its two-hundred day moving average price is $0.77.

DDC Enterprise (NYSEAMERICAN:DDC) last posted its quarterly earnings results on Thursday, September 3rd. The company reported ($0.58) earnings per share for the quarter. The firm had revenue of $10.06 million during the quarter.

Hedge Funds Weigh In On DDC Enterprise

A hedge fund recently bought a new position in DDC Enterprise stock. Anson Funds Management LP bought a new stake in DDC Enterprise Limited (NYSEAMERICAN:DDC) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 956,694 shares of the company’s stock, valued at approximately $1,894,000. Anson Funds Management LP owned about 4.11% of DDC Enterprise as of its most recent SEC filing. Hedge funds and other institutional investors own 0.22% of the company’s stock.

About DDC Enterprise

DDC Enterprise Limited is a consumer food company that develops, markets and sells Asian-inspired food products. Its offerings include ready-to-cook meal kits, packaged foods, snacks and other convenient culinary products designed for home preparation and consumption.

The company operates through its DayDayCook brand, which combines food products with recipes, cooking content and digital commerce. Its business model is intended to connect consumers with Asian flavors through online channels and retail distribution.

DDC Enterprise was founded in Hong Kong in 2012 by Norma Chu, who serves as the company’s chief executive officer.