Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) Sees Large Decrease in Short Interest

Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 33,920 shares, a decline of 35.0% from the September 30th total of 52,190 shares. Based on an average daily trading volume, of 59,990 shares, the short-interest ratio is presently 0.6 days. Approximately 0.3% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WYHG. Weiss Ratings reissued a “sell (d+)” rating on shares of Wing Yip Food Holdings Group in a report on Friday, September 25th. Wall Street Zen upgraded shares of Wing Yip Food Holdings Group to a “hold” rating in a research report on Saturday, August 22nd. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Wing Yip Food Holdings Group Stock Performance

Wing Yip Food Holdings Group stock opened at $2.73 on Tuesday. Wing Yip Food Holdings Group has a one year low of $1.56 and a one year high of $26.17. The business has a 50 day simple moving average of $3.80 and a 200 day simple moving average of $3.26.

Wing Yip Food Holdings Group Company Profile

Wing Yip Food Holdings Group Limited is a food manufacturing and distribution company focused on traditional Chinese food products. Through its operating subsidiaries, the company produces and sells Chinese-style sausages, cured meat and related prepared-food products.

The company’s products are marketed primarily to consumers and food-service customers seeking Chinese specialty foods. Its business includes the processing, packaging and distribution of its products through established sales channels in the markets it serves.

Publicly available information about Wing Yip Food Holdings Group’s corporate history, geographic reach and leadership is limited.