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

Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 126,318 shares, a growth of 76.8% from the August 31st total of 71,437 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily volume of 2,193,214 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

WYHG has been the topic of several research analyst reports. Wall Street Zen raised shares of Wing Yip Food Holdings Group to a “hold” rating in a research note on Saturday, August 22nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Wing Yip Food Holdings Group in a research note on Friday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Wing Yip Food Holdings Group presently has a consensus rating of “Sell”.

Wing Yip Food Holdings Group Trading Up 0.5%

Shares of Wing Yip Food Holdings Group stock traded up $0.02 during trading on Tuesday, hitting $3.90. The stock had a trading volume of 9,533 shares, compared to its average volume of 711,845. The company has a current ratio of 4.77, a quick ratio of 4.42 and a debt-to-equity ratio of 0.08. The business has a fifty day moving average of $4.60 and a two-hundred day moving average of $3.67. Wing Yip Food Holdings Group has a fifty-two week low of $1.56 and a fifty-two week high of $26.17.

About Wing Yip Food Holdings Group

Wing Yip Food Holdings Group Limited (NASDAQ: WYHG) is a China-based food company focused on the production and sale of Chinese-style food products. Its offerings include frozen and prepared foods, such as dumplings, buns, pastries and other traditional items.

The company serves consumers and commercial customers through distribution and retail channels in China. Its operations are centered on manufacturing, marketing and distributing packaged food products designed for convenient preparation and consumption.

Wing Yip Food Holdings Group is organized as a holding company, with its operating activities conducted through subsidiaries.