YY Group Holding Limited (NASDAQ:YYGH) Sees Significant Growth in Short Interest

YY Group Holding Limited (NASDAQ:YYGH) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 735,286 shares, a growth of 589.3% from the June 30th total of 106,677 shares. Based on an average trading volume of 2,657,341 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1,470.6% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on YYGH shares. Weiss Ratings upgraded shares of YY Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. Wall Street Zen raised shares of YY Group to a “sell” rating in a research report on Saturday, June 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

YY Group Stock Performance

YYGH opened at $1.17 on Monday. YY Group has a fifty-two week low of $1.02 and a fifty-two week high of $5,175.00. 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 firm’s fifty day moving average price is $4.63 and its two-hundred day moving average price is $111.92.

Insider Buying and Selling at YY Group

In related news, major shareholder Financial Lp Hrt acquired 2,176,347 shares of the stock in a transaction dated Thursday, June 18th. The shares were acquired at an average price of $0.08 per share, for a total transaction of $174,107.76. Following the completion of the purchase, the insider owned 4,953,317 shares in the company, valued at approximately $396,265.36. The trade was a 78.37% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders purchased 2,259,450 shares of company stock valued at $517,582 over the last three months.

Institutional Trading of YY Group

An institutional investor recently raised its position in YY Group stock. Virtu Financial LLC increased its holdings in YY Group Holding Limited (NASDAQ:YYGH) by 213.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 152,956 shares of the company’s stock after purchasing an additional 104,141 shares during the period. Virtu Financial LLC owned approximately 0.27% of YY Group worth $31,000 at the end of the most recent quarter.

YY Group Company Profile

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.