Yueda Digital Holding (NASDAQ:YDKG) Sees Significant Drop in Short Interest

Yueda Digital Holding (NASDAQ:YDKG) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 94,768 shares, a decrease of 44.7% from the July 15th total of 171,518 shares. Currently, 1.8% of the company’s stock are sold short. Based on an average daily volume of 30,628 shares, the days-to-cover ratio is currently 3.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Yueda Digital from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, June 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Yueda Digital Price Performance

YDKG stock opened at $1.07 on Monday. The stock’s 50 day simple moving average is $0.95 and its 200 day simple moving average is $0.91. Yueda Digital has a 12-month low of $0.73 and a 12-month high of $669.00.

Institutional Trading of Yueda Digital

A hedge fund recently bought a new position in Yueda Digital stock. Virtu Financial LLC purchased a new position in Yueda Digital Holding (NASDAQ:YDKG) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 12,619 shares of the company’s stock, valued at approximately $44,000. Institutional investors own 1.02% of the company’s stock.

About Yueda Digital

AirMedia Group Inc operates out-of-home advertising platforms primarily in the People’s Republic of China. The company operates a network of digital TV screens on planes operated by five airlines; and gas station media network, as well as other outdoor media advertising platforms in gas stations. It also displays non-advertising content, such as weather, sports, and comedy clips; and television programs, including documentaries and hidden camera type reality shows from other third-party content providers.