WANG & LEE GROUP, Inc. (NASDAQ:WLGS) Sees Significant Growth in Short Interest

WANG & LEE GROUP, Inc. (NASDAQ:WLGS) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 232,400 shares, a growth of 109.6% from the February 13th total of 110,900 shares. Currently, 4.3% of the company’s stock are sold short. Based on an average daily trading volume, of 464,800 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of WANG & LEE GROUP

A hedge fund recently bought a new stake in WANG & LEE GROUP stock. Ground Swell Capital LLC bought a new position in WANG & LEE GROUP, Inc. (NASDAQ:WLGS) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 17,906 shares of the company’s stock, valued at approximately $33,000. Ground Swell Capital LLC owned approximately 0.10% of WANG & LEE GROUP as of its most recent SEC filing. 0.33% of the stock is currently owned by institutional investors and hedge funds.

WANG & LEE GROUP Stock Performance

NASDAQ:WLGS opened at $4.08 on Friday. WANG & LEE GROUP has a fifty-two week low of $0.44 and a fifty-two week high of $9.66. The company’s 50-day simple moving average is $5.36 and its 200-day simple moving average is $3.46.

About WANG & LEE GROUP

Wang & Lee Group, Inc is a holding company, which engages in the installation of electrical and mechanical systems, it includes low voltage electrical systems, mechanical ventilation and air-conditioning systems, fire service systems, water supply and sewage disposal system installation and fitting out for the public and private sectors.