WF Holding Limited (NASDAQ:WFF) Sees Significant Increase in Short Interest

WF Holding Limited (NASDAQ:WFF) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 1,192,457 shares, a growth of 1,326.8% from the September 30th total of 83,573 shares. Currently, 34.7% of the shares of the stock are short sold. Based on an average trading volume of 54,019,029 shares, the short-interest ratio is currently 0.0 days.

WF Stock Up 12.3%

WFF stock traded up $0.01 during trading on Monday, hitting $0.09. The company had a trading volume of 108,946,731 shares, compared to its average volume of 64,291,084. The firm has a 50-day moving average price of $2.24 and a 200-day moving average price of $2.10. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.74 and a current ratio of 4.99. WF has a 1-year low of $0.06 and a 1-year high of $50.60.

WF (NASDAQ:WFF) last announced its quarterly earnings data on Friday, October 2nd. The company reported ($5.70) EPS for the quarter. The company had revenue of $1.53 million for the quarter.

Analyst Upgrades and Downgrades

WFF has been the topic of a number of recent research reports. Weiss Ratings lowered shares of WF from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday. Wall Street Zen downgraded WF from a “hold” rating to a “sell” rating in a research note on Saturday, October 17th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has an average 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.