Golden Heaven Group Holdings Ltd. (NASDAQ:GDHG) Short Interest Down 33.9% in July

Golden Heaven Group Holdings Ltd. (NASDAQ:GDHG) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 10,850 shares, a drop of 33.9% from the June 30th total of 16,418 shares. Based on an average daily volume of 160,197 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.4% of the shares of the stock are sold short.

Golden Heaven Group Stock Performance

Shares of Golden Heaven Group stock opened at $1.44 on Friday. The company has a fifty day simple moving average of $1.52 and a 200-day simple moving average of $1.77. Golden Heaven Group has a 12-month low of $1.06 and a 12-month high of $10.72.

Golden Heaven Group (NASDAQ:GDHG) last announced its earnings results on Tuesday, July 7th. The company reported ($0.45) earnings per share (EPS) for the quarter. The firm had revenue of $2.11 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Golden Heaven Group from a “sell (d)” rating to a “sell (e+)” rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

About Golden Heaven Group

Golden Heaven Group Inc (NASDAQ:GDHG) is a China-based company specializing in the research, development, production and distribution of environmentally friendly agricultural and industrial chemical products. Its core business activities include the manufacturing of organic and bio-based agricultural inputs such as organic fertilizers, biopesticides and plant growth regulators designed to enhance soil health and crop yields. In addition, Golden Heaven offers water‐treatment chemicals and air‐quality control agents for industrial applications.

The company’s product portfolio features Bacillus‐based biopesticides, proprietary organic fertilizer blends containing beneficial microorganisms and enzymatic additives, and specialty agents for industrial boiler desulfurization and wastewater remediation.