Short Interest in HF Foods Group Inc. (NASDAQ:HFFG) Increases By 6.0%

HF Foods Group Inc. (NASDAQ:HFFG - Get Free Report) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 367,400 shares, an increase of 6.0% from the April 15th total of 346,600 shares. Approximately 1.0% of the company's stock are sold short. Based on an average daily volume of 54,900 shares, the short-interest ratio is currently 6.7 days.

Institutional Investors Weigh In On HF Foods Group

A number of institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in HF Foods Group in the 3rd quarter worth about $75,000. Bank of New York Mellon Corp lifted its stake in shares of HF Foods Group by 4.7% in the third quarter. Bank of New York Mellon Corp now owns 122,185 shares of the company's stock worth $485,000 after buying an additional 5,488 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of HF Foods Group by 2.2% during the first quarter. Vanguard Group Inc. now owns 1,859,613 shares of the company's stock valued at $6,509,000 after buying an additional 39,438 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of HF Foods Group by 63.0% during the first quarter. BNP Paribas Financial Markets now owns 19,344 shares of the company's stock valued at $68,000 after acquiring an additional 7,477 shares in the last quarter. Finally, Hillsdale Investment Management Inc. bought a new stake in shares of HF Foods Group during the first quarter valued at approximately $86,000. 24.02% of the stock is owned by hedge funds and other institutional investors.

HF Foods Group Stock Performance

HFFG remained flat at $2.97 during trading on Friday. The company's stock had a trading volume of 29,828 shares, compared to its average volume of 52,358. HF Foods Group has a twelve month low of $2.76 and a twelve month high of $5.91. The company has a market capitalization of $156.25 million, a P/E ratio of 59.40 and a beta of 1.79. The firm's 50 day simple moving average is $3.21 and its 200 day simple moving average is $4.22. The company has a quick ratio of 0.51, a current ratio of 1.23 and a debt-to-equity ratio of 0.42.

HF Foods Group (NASDAQ:HFFG - Get Free Report) last released its earnings results on Thursday, March 14th. The company reported $0.24 earnings per share (EPS) for the quarter. HF Foods Group had a net margin of 0.27% and a return on equity of 7.62%. The firm had revenue of $280.87 million during the quarter.

About HF Foods Group

HF Foods Group Inc, through its subsidiaries, markets and distributes Asian specialty food, seafood, fresh produce, frozen and dry food, and non-food products to Asian and Chinese restaurants, and other foodservice customers in the United States. The company offers seafood, including lobsters, shrimp, crabs, scallops, and fish; Asian specialty food items, including noodles, rice, dried mushrooms and beans, sauces and seasonings, and spring rolls, as well as canned products, such as preserved vegetables, bamboo shoots, and water chestnuts; and meat and poultry products, including beef, pork, chicken, and duck.

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