Short Interest in YY Group Holding Limited (NASDAQ:YYGH) Declines By 51.0%

YY Group Holding Limited (NASDAQ:YYGH) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 64,023 shares, a drop of 51.0% from the April 30th total of 130,554 shares. Based on an average daily volume of 488,317 shares, the days-to-cover ratio is presently 0.1 days. Approximately 4.3% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Several research firms recently weighed in on YYGH. Weiss Ratings downgraded YY Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, April 27th. Wall Street Zen upgraded YY Group to a “sell” rating in a report on Saturday, April 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On YY Group

A hedge fund recently bought a new stake in YY Group stock. Jane Street Group LLC purchased a new position in shares of YY Group Holding Limited (NASDAQ:YYGH) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,089 shares of the company’s stock, valued at approximately $27,000.

YY Group Stock Performance

Shares of YYGH stock opened at $0.19 on Monday. YY Group has a fifty-two week low of $0.17 and a fifty-two week high of $172.50. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 0.90. The stock’s 50-day simple moving average is $1.08 and its 200-day simple moving average is $7.13.

About YY Group

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.