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

Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 126,318 shares, a growth of 76.8% from the August 31st total of 71,437 shares. Based on an average daily volume of 2,193,214 shares, the days-to-cover ratio is currently 0.1 days. Currently, 1.0% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of analysts recently weighed in on WYHG shares. Wall Street Zen upgraded shares of Wing Yip Food Holdings Group to a “hold” rating in a report on Saturday, August 22nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Wing Yip Food Holdings Group in a report on Friday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Wing Yip Food Holdings Group has a consensus rating of “Sell”.

Wing Yip Food Holdings Group Stock Performance

Shares of WYHG traded up $0.02 during midday trading on Tuesday, hitting $3.90. The stock had a trading volume of 9,533 shares, compared to its average volume of 711,845. Wing Yip Food Holdings Group has a fifty-two week low of $1.56 and a fifty-two week high of $26.17. The business has a 50-day simple moving average of $4.60 and a two-hundred day simple moving average of $3.67. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.42 and a current ratio of 4.77.

About Wing Yip Food Holdings Group

Wing Yip Food Holdings Group Limited (NASDAQ: WYHG) is a China-based food company focused on the production and sale of Chinese-style food products. Its offerings include frozen and prepared foods, such as dumplings, buns, pastries and other traditional items.

The company serves consumers and commercial customers through distribution and retail channels in China. Its operations are centered on manufacturing, marketing and distributing packaged food products designed for convenient preparation and consumption.

Wing Yip Food Holdings Group is organized as a holding company, with its operating activities conducted through subsidiaries.