Short Interest in Hf Foods Group Inc. (NASDAQ:HFFG) Rises By 33.6%

Hf Foods Group Inc. (NASDAQ:HFFG) was the recipient of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 1,585,854 shares, an increase of 33.6% from the January 29th total of 1,187,013 shares. Currently, 3.2% of the company’s stock are short sold. Based on an average daily volume of 194,507 shares, the short-interest ratio is presently 8.2 days. Based on an average daily volume of 194,507 shares, the short-interest ratio is presently 8.2 days. Currently, 3.2% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hf Foods Group in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $7.00.

Hf Foods Group Stock Down 3.8%

Hf Foods Group stock traded down $0.08 during midday trading on Monday, reaching $2.01. The company’s stock had a trading volume of 248,777 shares, compared to its average volume of 174,656. The company has a market cap of $106.61 million, a P/E ratio of -2.34, a P/E/G ratio of 0.31 and a beta of 0.42. The company has a quick ratio of 0.42, a current ratio of 1.19 and a debt-to-equity ratio of 0.53. The business has a 50-day simple moving average of $1.96 and a 200-day simple moving average of $2.48. Hf Foods Group has a fifty-two week low of $1.38 and a fifty-two week high of $4.93.

Institutional Investors Weigh In On Hf Foods Group

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Hf Foods Group by 0.9% in the third quarter. Vanguard Group Inc. now owns 2,160,737 shares of the company’s stock valued at $5,964,000 after purchasing an additional 20,181 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Hf Foods Group by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 954,648 shares of the company’s stock worth $3,036,000 after buying an additional 15,714 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Hf Foods Group by 1.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 420,812 shares of the company’s stock worth $1,161,000 after buying an additional 5,708 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Hf Foods Group by 9,703.0% in the 4th quarter. Russell Investments Group Ltd. now owns 349,576 shares of the company’s stock valued at $752,000 after buying an additional 346,010 shares during the last quarter. Finally, Rothschild Wealth LLC purchased a new position in shares of Hf Foods Group in the 4th quarter valued at $456,000. Hedge funds and other institutional investors own 24.02% of the company’s stock.

Hf Foods Group Company Profile

HF Foods Group, Inc, together with its subsidiaries, manufactures, imports and distributes a variety of ethnic and specialty food products primarily for retail and foodservice customers in the United States. The company focuses on value‐added fresh and frozen offerings that cater to growing consumer interest in Hispanic and other global cuisines. Its vertically integrated operations include in‐house manufacturing, procurement of specialty ingredients, and third‐party distribution partnerships.

The company’s product portfolio spans a broad range of categories, including fresh and frozen tamales, enchiladas, empanadas, tortillas and quesadillas, as well as shelf‐stable salsas, sauces, dips, spreads and snack items.