YY Group Holding Limited (NASDAQ:YYGH) Sees Large Decline in Short Interest

YY Group Holding Limited (NASDAQ:YYGH) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 214,381 shares, a drop of 70.8% from the July 15th total of 735,286 shares. Based on an average daily volume of 489,905 shares, the short-interest ratio is currently 0.4 days. Approximately 428.8% of the shares of the stock are sold short.

YY Group Stock Performance

NASDAQ:YYGH opened at $1.27 on Thursday. 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 business’s 50-day simple moving average is $1.91 and its 200 day simple moving average is $82.03. YY Group has a one year low of $1.02 and a one year high of $3,900.00.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Weiss Ratings upgraded YY Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 23rd. Wall Street Zen raised YY Group to a “sell” rating in a research report on Saturday, June 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Insider Buying and Selling at YY Group

In other news, major shareholder Financial Lp Hrt purchased 2,176,347 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was acquired at an average price of $0.08 per share, with a total value of $174,107.76. Following the purchase, the insider directly owned 4,953,317 shares of the company’s stock, valued at $396,265.36. This represents a 78.37% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders acquired a total of 2,259,450 shares of company stock valued at $517,582 in the last three months.

Institutional Investors Weigh In On YY Group

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

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.