DDC Enterprise Limited (NYSEAMERICAN:DDC) Short Interest Update

DDC Enterprise Limited (NYSEAMERICAN:DDC) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 266,261 shares, an increase of 197.2% from the July 15th total of 89,592 shares. Based on an average daily volume of 167,227 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.6% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Benchmark began coverage on shares of DDC Enterprise in a research report on Monday, April 27th. They issued a “buy” rating and a $3.00 target price for the company. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $3.00.

Institutional Trading of DDC Enterprise

A hedge fund recently bought a new position in DDC Enterprise stock. Anson Funds Management LP acquired a new stake in DDC Enterprise Limited (NYSEAMERICAN:DDC) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 956,694 shares of the company’s stock, valued at approximately $1,894,000. Anson Funds Management LP owned 4.11% of DDC Enterprise as of its most recent SEC filing. 0.22% of the stock is currently owned by institutional investors.

DDC Enterprise Price Performance

NYSEAMERICAN:DDC traded down $0.03 during midday trading on Friday, hitting $0.66. 278,917 shares of the stock were exchanged, compared to its average volume of 335,472. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.88 and a quick ratio of 0.86. DDC Enterprise has a one year low of $0.39 and a one year high of $14.67. The company’s 50-day moving average price is $0.74.

About DDC Enterprise

DDC Enterprise Ltd is a content driven consumer brand offering easy, convenient ready-to-heat, ready-to-cook, and plant-based meal products i.e. meal products consisting largely or solely of vegetables, fruits, grains, and other foods derived from plant-based protein, rather than animal protein) while promoting healthier lifestyle choices to the Millennial and Generation Z customer-base. The company’s operates in two operating segments: merchandise sales and fresh agriculture produce. It is also engaged in the provision of advertising services and the operation of experience stores to offer cooking classes.