Short Interest in DDC Enterprise Limited (NYSEAMERICAN:DDC) Decreases By 45.1%

DDC Enterprise Limited (NYSEAMERICAN:DDC) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 89,592 shares, a drop of 45.1% from the June 30th total of 163,316 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 141,859 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On DDC Enterprise

An institutional investor recently bought a new position in DDC Enterprise stock. Anson Funds Management LP acquired a new stake in shares of DDC Enterprise Limited (NYSEAMERICAN:DDC) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 956,694 shares of the company’s stock, valued at approximately $1,894,000. Anson Funds Management LP owned about 4.11% of DDC Enterprise at the end of the most recent quarter. 0.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Benchmark started coverage on DDC Enterprise in a research note on Monday, April 27th. They issued a “buy” rating and a $3.00 price objective for the company. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $3.00.

DDC Enterprise Stock Up 4.3%

DDC Enterprise stock traded up $0.02 during trading hours on Thursday, hitting $0.48. The company had a trading volume of 84,373 shares, compared to its average volume of 151,214. DDC Enterprise has a fifty-two week low of $0.43 and a fifty-two week high of $14.67. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 0.88. The company’s fifty day moving average is $0.91.

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.