Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) Short Interest Down 54.0% in April

Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 154,298 shares, a decrease of 54.0% from the April 15th total of 335,751 shares. Based on an average daily volume of 3,125,841 shares, the short-interest ratio is currently 0.0 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Trading of Wing Yip Food Holdings Group

Several institutional investors and hedge funds have recently bought and sold shares of WYHG. Renaissance Technologies LLC raised its position in Wing Yip Food Holdings Group by 296.1% in the 4th quarter. Renaissance Technologies LLC now owns 60,200 shares of the company’s stock valued at $33,000 after purchasing an additional 45,000 shares during the last quarter. Centiva Capital LP acquired a new position in shares of Wing Yip Food Holdings Group during the 3rd quarter worth $37,000. Virtu Financial LLC acquired a new position in shares of Wing Yip Food Holdings Group during the 3rd quarter worth $38,000. Citadel Advisors LLC acquired a new position in shares of Wing Yip Food Holdings Group during the 3rd quarter worth $46,000. Finally, Goldman Sachs Group Inc. grew its stake in Wing Yip Food Holdings Group by 73.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 137,500 shares of the company’s stock valued at $76,000 after acquiring an additional 58,045 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Wing Yip Food Holdings Group in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Wing Yip Food Holdings Group Stock Up 3.0%

Wing Yip Food Holdings Group stock traded up $0.02 during trading on Friday, reaching $0.83. The stock had a trading volume of 23,151 shares, compared to its average volume of 449,195. The business has a 50 day moving average price of $0.54 and a 200 day moving average price of $0.63. Wing Yip Food Holdings Group has a 52-week low of $0.39 and a 52-week high of $2.05. The company has a quick ratio of 3.61, a current ratio of 3.75 and a debt-to-equity ratio of 0.04.

Wing Yip Food Holdings Group shares are scheduled to reverse split before the market opens on Tuesday, June 2nd. The 1-4 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, June 1st.

Wing Yip Food Holdings Group (NASDAQ:WYHG) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.20) EPS for the quarter. The business had revenue of $32.97 million for the quarter.

Wing Yip Food Holdings Group Company Profile

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.