Wing Yip Food Holdings Group Limited - Sponsored ADR (NASDAQ:WYHG) Short Interest Update

Key Points

• Wing Yip Food Holdings Group Limited (NASDAQ:WYHG) experienced a significant 36.6% drop in short interest in September, with total short interest falling to 38,700 shares.
• Advisors Preferred LLC initiated a new position in the company, acquiring 12,642 shares valued at approximately $114,000 during the first quarter.
• Brokerage firms have provided mixed ratings for the stock, with Weiss Ratings maintaining a "sell" rating while Wall Street Zen upgraded it to a "hold."

Wing Yip Food Holdings Group Limited - Sponsored ADR (NASDAQ:WYHG - Get Free Report) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 38,700 shares, a drop of 36.6% from the September 15th total of 61,000 shares. Based on an average trading volume of 336,000 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 336,000 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of 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 shares of Wing Yip Food Holdings Group Limited - Sponsored ADR (NASDAQ:WYHG - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 12,642 shares of the company's stock, valued at approximately $114,000.

Analyst Ratings Changes

Several brokerages have commented on WYHG. Weiss Ratings reissued a "sell (d-)" rating on shares of Wing Yip Food Holdings Group in a research report on Wednesday, October 8th. Wall Street Zen upgraded Wing Yip Food Holdings Group to a "hold" rating in a report on Saturday, September 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Wing Yip Food Holdings Group presently has an average rating of "Sell".

Wing Yip Food Holdings Group Price Performance

NASDAQ WYHG opened at $1.14 on Wednesday. The stock's 50 day moving average is $1.37 and its 200 day moving average is $2.72. 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 12 month low of $1.10 and a 12 month high of $12.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.