YY Group Holding Limited (NASDAQ:YYGH) Short Interest Update

YY Group Holding Limited (NASDAQ:YYGH) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 953,984 shares, a growth of 1,390.1% from the May 14th total of 64,023 shares. Approximately 64.5% of the shares of the company are sold short. Based on an average daily volume of 21,823,834 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on YYGH. Wall Street Zen upgraded shares of YY Group to a “sell” rating in a research report on Saturday, April 18th. Weiss Ratings cut YY Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Trading of YY Group

A hedge fund recently raised its stake in YY Group stock. Virtu Financial LLC lifted its position in YY Group Holding Limited (NASDAQ:YYGH) by 213.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 152,956 shares of the company’s stock after acquiring an additional 104,141 shares during the quarter. Virtu Financial LLC owned 0.27% of YY Group worth $31,000 at the end of the most recent reporting period.

YY Group Stock Down 19.4%

Shares of YY Group stock opened at $0.13 on Thursday. The stock’s 50-day simple moving average is $0.92 and its 200-day simple moving average is $6.41. YY Group has a 52 week low of $0.11 and a 52 week high of $172.50. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 0.90.

About YY Group

YY Group Holding Limited, a data and technology driven company, provides manpower outsourcing and cleaning services in Singapore and Malaysia. Its cleaning services include commercial cleaning for offices and schools; hospitality cleaning for hotels and shopping centers; industrial cleaning, facade cleaning, disinfection, and stewarding services for meetings, incentives, conferences, and exhibitions, as well as banquets; and pest control services. The company also offers cleaning robots and machines to enhance cleaning performance by deploying them at designated premises.