YY Group Holding Limited (NASDAQ:YYGH) Short Interest Down 92.8% in June

YY Group Holding Limited (NASDAQ:YYGH) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 106,677 shares, a decline of 92.8% from the June 15th total of 1,487,613 shares. Currently, 217.7% of the company’s stock are short sold. Based on an average daily volume of 1,712,566 shares, the days-to-cover ratio is presently 0.1 days.

YY Group Trading Up 4.4%

Shares of YYGH stock traded up $0.06 during mid-day trading on Friday, hitting $1.43. The company’s stock had a trading volume of 3,801,987 shares, compared to its average volume of 602,310. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.13. YY Group has a 52-week low of $1.11 and a 52-week high of $5,175.00. The business has a 50-day moving average price of $11.37 and a 200 day moving average price of $136.16.

Insider Activity

In other news, major shareholder Financial Lp Hrt purchased 2,176,347 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The shares were bought at an average price of $0.08 per share, for a total transaction of $174,107.76. Following the purchase, the insider directly owned 4,953,317 shares in the company, valued at approximately $396,265.36. This trade represents a 78.37% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders bought 2,259,450 shares of company stock valued at $517,582.

Hedge Funds Weigh In On YY Group

An institutional investor recently bought a new stake in YY Group stock. Jane Street Group LLC bought a new stake in shares of YY Group Holding Limited (NASDAQ:YYGH) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,089 shares of the company’s stock, valued at approximately $27,000.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Wall Street Zen raised shares of YY Group to a “sell” rating in a report on Saturday, June 27th. Weiss Ratings upgraded 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 data from MarketBeat, YY Group currently has an average rating of “Sell”.

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.