DDC Enterprise Limited (NYSEAMERICAN:DDC) Sees Significant Increase in Short Interest

DDC Enterprise Limited (NYSEAMERICAN:DDC) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 266,261 shares, a growth of 197.2% from the July 15th total of 89,592 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 167,227 shares, the short-interest ratio is currently 1.6 days.

Institutional Investors Weigh In On DDC Enterprise

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

DDC Enterprise Stock Down 4.6%

DDC Enterprise stock traded down $0.03 during mid-day trading on Friday, hitting $0.66. 278,917 shares of the company’s stock traded hands, compared to its average volume of 335,472. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.88 and a quick ratio of 0.86. DDC Enterprise has a one year low of $0.39 and a one year high of $14.67. The company has a 50 day moving average price of $0.74.

Wall Street Analysts Forecast Growth

Separately, Benchmark assumed coverage on shares of DDC Enterprise in a research note on Monday, April 27th. They issued a “buy” rating and a $3.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $3.00.

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.