DDC Enterprise Limited (NYSEAMERICAN:DDC) Short Interest Down 45.1% in July

DDC Enterprise Limited (NYSEAMERICAN:DDC) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 89,592 shares, a drop of 45.1% from the June 30th total of 163,316 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 141,859 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds 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) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 956,694 shares of the company’s stock, valued at approximately $1,894,000. Anson Funds Management LP owned approximately 4.11% of DDC Enterprise as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 0.22% of the company’s stock.

Analyst Ratings Changes

Separately, Benchmark initiated coverage on DDC Enterprise in a research note on Monday, April 27th. They issued a “buy” rating and a $3.00 price objective for the company. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $3.00.

DDC Enterprise Stock Down 1.9%

Shares of DDC stock traded down $0.01 during trading hours on Wednesday, reaching $0.46. 149,841 shares of the company traded hands, compared to its average volume of 92,934. The stock’s 50-day moving average price is $0.92. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.49. DDC Enterprise has a 12-month low of $0.43 and a 12-month high of $15.19.

DDC Enterprise Company Profile

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.