YY Group Holding Limited (NASDAQ:YYGH) Sees Large Decline in Short Interest

YY Group Holding Limited (NASDAQ:YYGH) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 214,381 shares, a drop of 70.8% from the July 15th total of 735,286 shares. Based on an average trading volume of 489,905 shares, the days-to-cover ratio is presently 0.4 days. Currently, 428.8% of the shares of the stock are sold short.

YY Group Stock Performance

Shares of NASDAQ:YYGH traded up $0.00 during trading on Friday, reaching $1.28. The company had a trading volume of 79,509 shares, compared to its average volume of 701,372. The company has a fifty day moving average of $1.84 and a two-hundred day moving average of $79.78. YY Group has a 12 month low of $1.02 and a 12 month high of $3,900.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.90 and a quick ratio of 0.90.

Wall Street Analyst Weigh In

YYGH has been the subject of several analyst reports. Wall Street Zen raised shares of YY Group to a “sell” rating in a report on Saturday, June 27th. Weiss Ratings raised shares of YY Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a Sell rating, According to MarketBeat, YY Group has an average rating of “Sell”.

Insider Activity at YY Group

In other news, major shareholder Financial Lp Hrt acquired 2,176,347 shares of YY Group stock in a transaction that occurred on Thursday, June 18th. The stock was bought at an average price of $0.08 per share, with a total value of $174,107.76. Following the completion of the purchase, the insider owned 4,953,317 shares in the company, valued at approximately $396,265.36. The trade was a 78.37% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders have purchased 2,259,450 shares of company stock valued at $517,582 in the last three months.

Institutional Inflows and Outflows

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

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.