Short Interest in Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) Drops By 69.5%

Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 59,789 shares, a decrease of 69.5% from the May 31st total of 195,725 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 216,040 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Wing Yip Food Holdings Group

Several hedge funds have recently added to or reduced their stakes in the business. Centiva Capital LP bought a new position in shares of Wing Yip Food Holdings Group in the third quarter worth $37,000. Virtu Financial LLC bought a new stake in shares of Wing Yip Food Holdings Group during the third quarter valued at about $38,000. Citadel Advisors LLC acquired a new stake in Wing Yip Food Holdings Group in the third quarter worth about $46,000. Renaissance Technologies LLC lifted its holdings in Wing Yip Food Holdings Group by 296.1% in the fourth quarter. Renaissance Technologies LLC now owns 60,200 shares of the company’s stock worth $33,000 after purchasing an additional 45,000 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in Wing Yip Food Holdings Group by 73.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 137,500 shares of the company’s stock worth $76,000 after purchasing an additional 58,045 shares during the period.

Wing Yip Food Holdings Group Stock Performance

NASDAQ WYHG opened at $3.61 on Friday. The company has a 50-day moving average price of $3.53 and a two-hundred day moving average price of $2.62. Wing Yip Food Holdings Group has a 52 week low of $1.56 and a 52 week high of $8.81. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.42 and a current ratio of 4.77.

Wing Yip Food Holdings Group (NASDAQ:WYHG) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.80) earnings per share for the quarter. The firm had revenue of $32.97 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Wing Yip Food Holdings Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, June 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Wing Yip Food Holdings Group presently has an average rating of “Sell”.

About Wing Yip Food Holdings Group

Wing Yip Food Holdings Group (NASDAQ:WYHG) is a specialist retailer and distributor of Asian food products, operating a network of hypermarkets, wholesale warehouses and online channels. The company’s core business encompasses the sourcing, importation and sale of a broad assortment of groceries from China, Southeast Asia and other regions, including fresh produce, frozen seafood, rice, noodles, sauces, spices and specialty ingredients.

Through its flagship hypermarkets in key metropolitan areas of the United Kingdom, Wing Yip provides both retail customers and foodservice operators with access to a comprehensive range of Asian culinary products.