YY Group Holding Limited (NASDAQ:YYGH) Short Interest Update

YY Group Holding Limited (NASDAQ:YYGH) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 214,381 shares, a decrease of 70.8% from the July 15th total of 735,286 shares. Approximately 428.8% of the shares of the company are short sold. Based on an average daily volume of 489,905 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analyst Weigh In

A number of research firms have recently commented on YYGH. Wall Street Zen raised shares of YY Group to a “sell” rating in a report on Saturday, June 27th. Weiss Ratings raised shares of YY Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. One analyst has rated the stock with a Sell rating, According to MarketBeat, YY Group currently has a consensus rating of “Sell”.

Insider Buying and Selling

In other news, major shareholder Financial Lp Hrt bought 2,176,347 shares of YY Group stock in a transaction that occurred on Thursday, June 18th. The stock was purchased at an average cost of $0.08 per share, with a total value of $174,107.76. Following the completion of the transaction, the insider directly owned 4,953,317 shares in the company, valued at $396,265.36. This trade represents a 78.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders acquired 2,259,450 shares of company stock valued at $517,582 over the last three months.

Institutional Investors Weigh In On YY Group

An institutional investor recently bought a new position in YY Group stock. Jane Street Group LLC bought a new position in shares of YY Group Holding Limited (NASDAQ:YYGH) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 10,089 shares of the company’s stock, valued at approximately $27,000.

YY Group Price Performance

Shares of NASDAQ:YYGH opened at $1.33 on Friday. The business’s fifty day moving average price is $1.78 and its two-hundred day moving average price is $79.24. YY Group has a fifty-two week low of $1.02 and a fifty-two week high of $3,900.00. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.13.

YY Group Company Profile

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.