YY Group Holding Limited (NASDAQ:YYGH) Sees Significant Decline in Short Interest

Key Points

• YY Group Holding Limited experienced a **92.3% decline** in short interest in July, dropping to just **2,200 shares** compared to **28,400 shares** on July 15th.
• Wall Street analysts upgraded YY Group to a **"hold" rating** on July 26th, indicating optimism for the company's future performance.
• The company's shares traded at **$2.16**, with a **one-year high of $3.45** and a **low of $0.72**, reflecting variability in stock performance over the past year.

YY Group Holding Limited (NASDAQ:YYGH - Get Free Report) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 2,200 shares, adeclineof92.3% from the July 15th total of 28,400 shares. Approximately0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 236,300 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 236,300 shares, the short-interest ratio is presently 0.0 days. Approximately0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of YY Group to a "hold" rating in a research note on Saturday, July 26th.

YY Group Price Performance

Shares of NASDAQ:YYGH traded down $0.35 during midday trading on Friday, hitting $1.89. The company had a trading volume of 865,368 shares, compared to its average volume of 367,484. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.18. YY Group has a 12-month low of $0.72 and a 12-month high of $3.45. The company has a fifty day moving average of $2.38 and a two-hundred day moving average of $1.79.

Institutional Investors Weigh In On YY Group

An institutional investor recently bought a new position in YY Group stock. Jane Street Group LLC bought a new position in YY Group Holding Limited (NASDAQ:YYGH - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,089 shares of the company's stock, valued at approximately $27,000.

YY Group Company Profile

YY Group Holding Limited, a data and technology driven company, provides manpower outsourcing and cleaning services in Singapore and Malaysia. Its cleaning services include commercial cleaning for offices and schools; hospitality cleaning for hotels and shopping centers; industrial cleaning, facade cleaning, disinfection, and stewarding services for meetings, incentives, conferences, and exhibitions, as well as banquets; and pest control services.