Short Interest in Hf Foods Group Inc. (NASDAQ:HFFG) Expands By 22.1%

Hf Foods Group Inc. (NASDAQ:HFFG) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 1,187,013 shares, a growth of 22.1% from the January 15th total of 972,317 shares. Based on an average daily volume of 108,918 shares, the days-to-cover ratio is currently 10.9 days. Currently, 2.4% of the shares of the stock are sold short. Currently, 2.4% of the shares of the stock are sold short. Based on an average daily volume of 108,918 shares, the days-to-cover ratio is currently 10.9 days.

Hf Foods Group Price Performance

Shares of Hf Foods Group stock opened at $1.42 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.42 and a current ratio of 1.19. Hf Foods Group has a 52-week low of $1.39 and a 52-week high of $4.93. The company has a fifty day moving average of $2.07 and a 200-day moving average of $2.54. The stock has a market capitalization of $75.32 million, a price-to-earnings ratio of -1.65, a price-to-earnings-growth ratio of 0.21 and a beta of 0.43.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HFFG. Weiss Ratings reissued a “sell (d-)” rating on shares of Hf Foods Group in a research note on Monday, December 29th. Wall Street Zen downgraded shares of Hf Foods Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $7.00.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Hf Foods Group by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 2,160,737 shares of the company’s stock valued at $5,964,000 after acquiring an additional 20,181 shares during the period. Geode Capital Management LLC lifted its position in Hf Foods Group by 1.7% in the second quarter. Geode Capital Management LLC now owns 954,648 shares of the company’s stock valued at $3,036,000 after purchasing an additional 15,714 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Hf Foods Group by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 420,812 shares of the company’s stock valued at $1,161,000 after purchasing an additional 5,708 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Hf Foods Group by 9,703.0% in the fourth quarter. Russell Investments Group Ltd. now owns 349,576 shares of the company’s stock worth $752,000 after purchasing an additional 346,010 shares during the last quarter. Finally, Rothschild Wealth LLC bought a new position in shares of Hf Foods Group in the fourth quarter worth approximately $456,000. Hedge funds and other institutional investors own 24.02% of the company’s stock.

Hf Foods Group Company Profile

HF Foods Group, Inc, together with its subsidiaries, manufactures, imports and distributes a variety of ethnic and specialty food products primarily for retail and foodservice customers in the United States. The company focuses on value‐added fresh and frozen offerings that cater to growing consumer interest in Hispanic and other global cuisines. Its vertically integrated operations include in‐house manufacturing, procurement of specialty ingredients, and third‐party distribution partnerships.

The company’s product portfolio spans a broad range of categories, including fresh and frozen tamales, enchiladas, empanadas, tortillas and quesadillas, as well as shelf‐stable salsas, sauces, dips, spreads and snack items.