WF Holding Limited (NASDAQ:WFF) Stock Short Interest Climbs 1,326.8%

WF Holding Limited (NASDAQ:WFF) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,192,457 shares, an increase of 1,326.8% from the September 30th total of 83,573 shares. Based on an average trading volume of 54,019,029 shares, the short-interest ratio is currently 0.0 days. Currently, 34.7% of the shares of the stock are short sold.

WF Price Performance

Shares of NASDAQ WFF opened at $0.06 on Wednesday. WF has a twelve month low of $0.06 and a twelve month high of $50.60. The firm has a fifty day simple moving average of $2.20 and a 200 day simple moving average of $2.09.

Shares of WF are set to reverse split on Friday, October 30th. The 1-25 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, October 29th.

WF (NASDAQ:WFF) last issued its earnings results on Friday, October 2nd. The company reported ($5.70) EPS for the quarter. The firm had revenue of $1.53 million during the quarter.

Wall Street Analyst Weigh In

Several research firms have weighed in on WFF. Wall Street Zen cut WF from a “hold” rating to a “sell” rating in a research note on Saturday, October 17th. Weiss Ratings lowered WF from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has an average rating of “Sell”.

About WF

W.F Holding Ltd. engages in the manufacture of fiberglass reinforced plastic and FRP products. It sells a range of FRP products, including filament wound and molded tanks, thermoplastic tanks, lining products, ducting and fitting products, air pollution control equipment, and custom-made products. The firm also offer delivery, installation and repair, maintenance services, and on-site consultation services. The company was founded on March 7, 2023 and is headquartered in Shah Alam, Malaysia.