Short Interest in Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) Drops By 51.2%

Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 18,900 shares, a decrease of 51.2% from the September 30th total of 38,700 shares. Based on an average trading volume of 403,400 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 403,400 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Wall Street Zen upgraded Wing Yip Food Holdings Group to a “hold” rating in a report on Saturday, September 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Wing Yip Food Holdings Group in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Wing Yip Food Holdings Group Price Performance

WYHG stock opened at $1.03 on Friday. The company has a quick ratio of 3.51, a current ratio of 3.63 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average of $1.30 and a 200-day moving average of $2.31. Wing Yip Food Holdings Group has a fifty-two week low of $0.97 and a fifty-two week high of $12.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Wing Yip Food Holdings Group stock. Advisors Preferred LLC purchased a new stake in shares of Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,642 shares of the company’s stock, valued at approximately $114,000.

About Wing Yip Food Holdings Group

Wing Yip Food Holdings Group Ltd. is a holding company. It engages in the business of processing, selling, and distributing cured meat products including cured pork sausages, cured pork meat, and other cured meat products such as cured chicken, cured duck, and cured fish; snack products including ready-to-eat sausages, jerky, duck necks, duck feet, and clay pot rice; and frozen meat products including frozen sausages, frozen beef patties, and frozen chicken breast fillets.