YY Group Holding Limited (NASDAQ:YYGH) Sees Large Decrease 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 significant decline in short interest in July. As of July 31st, there was short interest totaling 2,200 shares, adeclineof92.3% from the July 15th total of 28,400 shares. Based on an average daily trading volume, of 236,300 shares, the days-to-cover ratio is currently 0.0 days. Currently,0.0% of the shares of the stock are sold short. Currently,0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 236,300 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

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

YY Group Stock Performance

Shares of NASDAQ YYGH traded down $0.19 during midday trading on Tuesday, reaching $1.87. The company had a trading volume of 996,020 shares, compared to its average volume of 167,537. YY Group has a 1 year low of $0.72 and a 1 year high of $3.45. The business's 50-day simple moving average is $2.40 and its 200 day simple moving average is $1.79. 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 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.