Wing Yip Food Holdings Group Limited - Sponsored ADR (NASDAQ:WYHG) Short Interest Up 269.7% in September

Key Points

• Short interest in Wing Yip Food Holdings Group surged by 269.7% in September, reaching a total of 61,000 shares compared to 16,500 shares at the end of August.
• The company's stock has recently traded down by 1.6%, with shares opening at $1.27, significantly below its 52-week high of $12.00.
• Wall Street Zen upgraded Wing Yip Food Holdings Group to a "hold" rating on September 20th, reflecting potential positive sentiment from analysts.

Wing Yip Food Holdings Group Limited - Sponsored ADR (NASDAQ:WYHG - Get Free Report) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 61,000 shares, an increase of 269.7% from the August 31st total of 16,500 shares. Based on an average daily trading volume, of 314,100 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 314,100 shares, the days-to-cover ratio is presently 0.2 days.

Wing Yip Food Holdings Group Trading Down 1.6%

Shares of NASDAQ WYHG opened at $1.27 on Thursday. The business's 50-day simple moving average is $1.36 and its 200-day simple moving average is $3.54. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.63 and a quick ratio of 3.51. Wing Yip Food Holdings Group has a 52 week low of $1.10 and a 52 week high of $12.00.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Wing Yip Food Holdings Group to a "hold" rating in a research note on Saturday, September 20th.

Hedge Funds Weigh In On Wing Yip Food Holdings Group

A hedge fund recently bought a new stake in Wing Yip Food Holdings Group stock. Advisors Preferred LLC acquired a new position in Wing Yip Food Holdings Group Limited - Sponsored ADR (NASDAQ:WYHG - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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.

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