Short Interest in YY Group Holding Limited (NASDAQ:YYGH) Drops By 92.8%

YY Group Holding Limited (NASDAQ:YYGH) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 106,677 shares, a decline of 92.8% from the June 15th total of 1,487,613 shares. Based on an average daily trading volume, of 1,712,566 shares, the short-interest ratio is presently 0.1 days. Approximately 217.7% of the company’s shares are sold short.

Insider Activity

In other YY Group news, major shareholder Financial Lp Hrt bought 2,176,347 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was bought at an average price of $0.08 per share, for a total transaction of $174,107.76. Following the completion of the acquisition, the insider directly owned 4,953,317 shares in the company, valued at $396,265.36. The trade was a 78.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders purchased 2,259,450 shares of company stock worth $517,582 over the last 90 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in YY Group stock. Jane Street Group LLC acquired a new stake in shares of YY Group Holding Limited (NASDAQ:YYGH) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 10,089 shares of the company’s stock, valued at approximately $27,000.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Weiss Ratings upgraded YY Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 23rd. Wall Street Zen upgraded shares of YY Group to a “sell” rating in a report on Saturday, June 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, YY Group has a consensus rating of “Sell”.

YY Group Stock Performance

Shares of NASDAQ YYGH traded up $0.06 on Friday, reaching $1.43. 3,801,987 shares of the company’s stock traded hands, compared to its average volume of 602,310. YY Group has a 12 month low of $1.11 and a 12 month high of $5,175.00. The business’s 50 day simple moving average is $11.37 and its two-hundred day simple moving average is $136.16. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.90 and a quick ratio of 0.90.

YY Group Company Profile

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.