Short Interest in WF Holding Limited (NASDAQ:WFF) Grows By 405.7%

WF Holding Limited (NASDAQ:WFF) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 47,430 shares, a growth of 405.7% from the June 30th total of 9,379 shares. Based on an average daily trading volume, of 448,553 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.9% of the company’s stock are short sold.

WF Price Performance

NASDAQ:WFF traded down $0.17 during mid-day trading on Friday, hitting $2.11. The stock had a trading volume of 9,433 shares, compared to its average volume of 245,652. WF has a twelve month low of $0.91 and a twelve month high of $6.55. The company’s 50 day simple moving average is $2.33 and its 200 day simple moving average is $2.05. The company has a current ratio of 2.51, a quick ratio of 2.23 and a debt-to-equity ratio of 0.05.

WF (NASDAQ:WFF) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($0.46) EPS for the quarter. The company had revenue of $1.94 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of WF in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

WF Company Profile

W.F Holding Ltd. engages in the manufacture of fiberglass reinforced plastic and FRP products. It sells a range of FRP products, including filament wound and molded tanks, thermoplastic tanks, lining products, ducting and fitting products, air pollution control equipment, and custom-made products. The firm also offer delivery, installation and repair, maintenance services, and on-site consultation services. The company was founded on March 7, 2023 and is headquartered in Shah Alam, Malaysia.