DDC Enterprise Limited (NYSEAMERICAN:DDC) Short Interest Up 673.7% in August

DDC Enterprise Limited (NYSEAMERICAN:DDC) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 892,035 shares, a growth of 673.7% from the August 15th total of 115,300 shares. Currently, 1.6% of the company’s shares are short sold. Based on an average daily volume of 1,739,520 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On DDC Enterprise

A hedge fund recently bought a new stake in DDC Enterprise stock. Anson Funds Management LP bought a new stake in shares of DDC Enterprise Limited (NYSEAMERICAN:DDC) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 956,694 shares of the company’s stock, valued at approximately $1,894,000. Anson Funds Management LP owned 4.11% of DDC Enterprise as of its most recent SEC filing. Hedge funds and other institutional investors own 0.22% of the company’s stock.

DDC Enterprise Stock Performance

NYSEAMERICAN DDC opened at $0.25 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.80 and a current ratio of 1.83. DDC Enterprise has a 1 year low of $0.24 and a 1 year high of $11.40. The business’s 50-day moving average is $0.51.

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

About DDC Enterprise

DDC Enterprise Ltd is a content driven consumer brand offering easy, convenient ready-to-heat, ready-to-cook, and plant-based meal products i.e. meal products consisting largely or solely of vegetables, fruits, grains, and other foods derived from plant-based protein, rather than animal protein) while promoting healthier lifestyle choices to the Millennial and Generation Z customer-base. The company’s operates in two operating segments: merchandise sales and fresh agriculture produce. It is also engaged in the provision of advertising services and the operation of experience stores to offer cooking classes.