Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) Sees Significant Increase in Short Interest

Key Points

• Yue Yuen Industrial Ltd. experienced a dramatic increase in short interest, rising from 100 shares to 1,900 shares in August, marking a growth of 1,800.0%.
• The company's stock price rose by 1.7% to reach $9.00 during mid-day trading, with a daily trading volume of 1,090 shares compared to an average of 3,470.
• Yue Yuen operates as an original design and equipment manufacturer for well-known brands such as adidas, Nike, and New Balance, focusing on various footwear categories.

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY - Get Free Report) was the recipient of a large growth in short interest in August. As of August 15th, there was short interest totaling 1,900 shares, agrowthof1,800.0% from the July 31st total of 100 shares. Based on an average trading volume of 9,200 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 9,200 shares, the days-to-cover ratio is presently 0.2 days.

Yue Yuen Industrial Trading Up 1.0%

YUEIY traded up $0.08 during midday trading on Friday, hitting $8.29. The company had a trading volume of 174 shares, compared to its average volume of 1,767. The firm's 50-day simple moving average is $8.15 and its 200-day simple moving average is $7.98. Yue Yuen Industrial has a twelve month low of $6.22 and a twelve month high of $12.49. The company has a current ratio of 2.17, a quick ratio of 1.42 and a debt-to-equity ratio of 0.11.

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.