Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) Short Interest Down 85.7% in July

Key Points

• Yue Yuen Industrial Ltd. experienced a significant decline in short interest, dropping 85.7% in July, with only 100 shares sold short as of July 15th.
• The company recently increased its dividend to $0.5074 per share, a substantial rise from the previous $0.21, resulting in a 9.63% dividend yield.
• Yue Yuen's shares are currently trading at $7.83, down 3.3% from the previous trading session, with a 52-week range of $6.22 to $12.49.

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY - ) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totalling 100 shares, a drop of 85.7% from the June 30th total of 700 shares. Currently, 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 5,200 shares, the days-to-cover ratio is presently 0.0 days.

Yue Yuen Industrial Trading Down 3.3%

Shares of OTCMKTS:YUEIY traded down $0.27 on Tuesday, reaching $7.83. 811 shares of the company traded hands, compared to its average volume of 4,673. The business's 50-day simple moving average is $7.51 and its 200 day simple moving average is $8.38. Yue Yuen Industrial has a 52 week low of $6.22 and a 52 week high of $12.49. The company has a quick ratio of 1.42, a current ratio of 2.17 and a debt-to-equity ratio of 0.11.

Yue Yuen Industrial Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, July 9th. Stockholders of record on Monday, June 9th were issued a dividend of $0.5074 per share. This is a positive change from Yue Yuen Industrial's previous dividend of $0.21. This represents a dividend yield of 9.63%. The ex-dividend date of this dividend was Friday, June 6th.

Yue Yuen Industrial Company Profile

Yue Yuen Industrial (Holdings) Limited, an investment holding company, manufactures and sells athletic, athleisure, casual, and outdoor footwear in the People's Republic of China, rest of Asia, the United States, Europe, and internationally. The company operates as an original design manufacturer/original equipment manufacturer for various international brand names, such as adidas, Asics, New Balance, Nike, Salomon, and Timberland.

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