Short Interest in Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) Declines By 85.7%

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 - Get Free Report) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 100 shares, adropof85.7% from the June 30th total of 700 shares. Approximately0.0% of the shares of the stock are sold short. Based on an average trading volume of 5,200 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 5,200 shares, the short-interest ratio is presently 0.0 days. Approximately0.0% of the shares of the stock are sold short.

Yue Yuen Industrial Stock Up 3.1%

YUEIY stock traded up $0.23 during trading on Friday, hitting $7.66. The stock had a trading volume of 1,898 shares, compared to its average volume of 4,428. The company has a current ratio of 2.17, a quick ratio of 1.42 and a debt-to-equity ratio of 0.11. The company's 50 day moving average price is $7.52 and its two-hundred day moving average price is $8.34. Yue Yuen Industrial has a 1-year low of $6.22 and a 1-year high of $12.49.

Yue Yuen Industrial Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, July 9th. Investors of record on Monday, June 9th were paid a dividend of $0.5074 per share. The ex-dividend date of this dividend was Friday, June 6th. This is a positive change from Yue Yuen Industrial's previous dividend of $0.21. This represents a dividend yield of 963.0%.

About Yue Yuen Industrial

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.