Short Interest in YY Group Holding Limited (NASDAQ:YYGH) Increases By 1,390.1%

YY Group Holding Limited (NASDAQ:YYGH) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 953,984 shares, a growth of 1,390.1% from the May 14th total of 64,023 shares. Currently, 64.5% of the company’s shares are short sold. Based on an average daily volume of 21,823,834 shares, the days-to-cover ratio is currently 0.0 days.

YY Group Trading Down 3.4%

Shares of YYGH stock opened at $0.13 on Wednesday. YY Group has a 1-year low of $0.11 and a 1-year high of $172.50. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $0.93 and its 200-day simple moving average is $6.50.

Hedge Funds Weigh In On YY Group

A hedge fund recently raised its stake in YY Group stock. Virtu Financial LLC lifted its stake in YY Group Holding Limited (NASDAQ:YYGH) by 213.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 152,956 shares of the company’s stock after purchasing an additional 104,141 shares during the quarter. Virtu Financial LLC owned 0.27% of YY Group worth $31,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Analysts Set New Price Targets

A number of research firms have commented on YYGH. Wall Street Zen raised shares of YY Group to a “sell” rating in a research note on Saturday, April 18th. Weiss Ratings downgraded shares of YY Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

About YY Group

YY Group Holding Limited, a data and technology driven company, provides manpower outsourcing and cleaning services in Singapore and Malaysia. Its cleaning services include commercial cleaning for offices and schools; hospitality cleaning for hotels and shopping centers; industrial cleaning, facade cleaning, disinfection, and stewarding services for meetings, incentives, conferences, and exhibitions, as well as banquets; and pest control services. The company also offers cleaning robots and machines to enhance cleaning performance by deploying them at designated premises.