Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) Sees Significant Growth in Short Interest

Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 137,796 shares, an increase of 58.5% from the July 30th total of 86,935 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average daily volume of 8,041,843 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

WYHG has been the subject of a number of research reports. Wall Street Zen upgraded Wing Yip Food Holdings Group to a “hold” rating in a research note on Saturday, August 22nd. Weiss Ratings upgraded Wing Yip Food Holdings Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, June 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Wing Yip Food Holdings Group Stock Performance

WYHG stock opened at $4.28 on Wednesday. The company has a current ratio of 4.77, a quick ratio of 4.42 and a debt-to-equity ratio of 0.08. Wing Yip Food Holdings Group has a 1-year low of $1.56 and a 1-year high of $26.17. The firm has a fifty day moving average price of $4.58 and a two-hundred day moving average price of $3.32.

Hedge Funds Weigh In On Wing Yip Food Holdings Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Centiva Capital LP acquired a new stake in shares of Wing Yip Food Holdings Group during the 3rd quarter worth approximately $37,000. Virtu Financial LLC acquired a new position in Wing Yip Food Holdings Group during the 3rd quarter valued at approximately $38,000. Citadel Advisors LLC acquired a new position in Wing Yip Food Holdings Group during the 3rd quarter valued at approximately $46,000. Renaissance Technologies LLC grew its stake in Wing Yip Food Holdings Group by 296.1% during the 4th quarter. Renaissance Technologies LLC now owns 60,200 shares of the company’s stock worth $33,000 after buying an additional 45,000 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Wing Yip Food Holdings Group by 73.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 137,500 shares of the company’s stock worth $76,000 after buying an additional 58,045 shares during the last quarter.

Wing Yip Food Holdings Group Company Profile

Wing Yip Food Holdings Group (NASDAQ:WYHG) is a specialist retailer and distributor of Asian food products, operating a network of hypermarkets, wholesale warehouses and online channels. The company’s core business encompasses the sourcing, importation and sale of a broad assortment of groceries from China, Southeast Asia and other regions, including fresh produce, frozen seafood, rice, noodles, sauces, spices and specialty ingredients.

Through its flagship hypermarkets in key metropolitan areas of the United Kingdom, Wing Yip provides both retail customers and foodservice operators with access to a comprehensive range of Asian culinary products.