DDC Enterprise Limited (NYSEAMERICAN:DDC) Sees Large Growth in Short Interest

DDC Enterprise Limited (NYSEAMERICAN:DDC) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 251,764 shares, an increase of 67.3% from the September 30th total of 150,459 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 9,359,129 shares, the days-to-cover ratio is currently 0.0 days.

DDC Enterprise Stock Down 2.8%

Shares of NYSEAMERICAN:DDC opened at $0.13 on Tuesday. DDC Enterprise has a 12-month low of $0.12 and a 12-month high of $8.00. The business has a 50 day moving average of $0.25 and a two-hundred day moving average of $0.77. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.83 and a quick ratio of 1.80.

DDC Enterprise (NYSEAMERICAN:DDC) last issued its quarterly earnings data on Thursday, September 3rd. The company reported ($0.58) EPS for the quarter. The firm had revenue of $10.06 million for the quarter.

Institutional Trading of DDC Enterprise

A hedge fund recently bought a new stake in DDC Enterprise stock. Anson Funds Management LP acquired a new stake in DDC Enterprise Limited (NYSEAMERICAN:DDC) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 956,694 shares of the company’s stock, valued at approximately $1,894,000. Anson Funds Management LP owned approximately 4.11% of DDC Enterprise as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 0.22% of the company’s stock.

About DDC Enterprise

DDC Enterprise Limited is a consumer food company that develops, markets and sells Asian-inspired food products. Its offerings include ready-to-cook meal kits, packaged foods, snacks and other convenient culinary products designed for home preparation and consumption.

The company operates through its DayDayCook brand, which combines food products with recipes, cooking content and digital commerce. Its business model is intended to connect consumers with Asian flavors through online channels and retail distribution.

DDC Enterprise was founded in Hong Kong in 2012 by Norma Chu, who serves as the company’s chief executive officer.