Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) Short Interest Update

Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 59,789 shares, a drop of 69.5% from the May 31st total of 195,725 shares. Based on an average daily trading volume, of 216,040 shares, the short-interest ratio is presently 0.3 days. Currently, 0.5% of the company’s stock are sold short.

Hedge Funds Weigh In On Wing Yip Food Holdings Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Centiva Capital LP purchased a new position in Wing Yip Food Holdings Group in the 3rd quarter valued at about $37,000. Citadel Advisors LLC acquired a new position in Wing Yip Food Holdings Group during the third quarter worth $46,000. Goldman Sachs Group Inc. grew its holdings in shares of Wing Yip Food Holdings Group by 73.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 137,500 shares of the company’s stock valued at $76,000 after purchasing an additional 58,045 shares during the period. Virtu Financial LLC acquired a new stake in shares of Wing Yip Food Holdings Group during the 3rd quarter worth approximately $38,000. Finally, Renaissance Technologies LLC increased its stake in Wing Yip Food Holdings Group by 296.1% during the fourth quarter. Renaissance Technologies LLC now owns 60,200 shares of the company’s stock worth $33,000 after acquiring an additional 45,000 shares during the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Wing Yip Food Holdings Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, June 15th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Wing Yip Food Holdings Group Trading Up 5.3%

NASDAQ WYHG opened at $3.80 on Tuesday. Wing Yip Food Holdings Group has a fifty-two week low of $1.56 and a fifty-two week high of $8.81. The stock has a 50-day simple moving average of $3.56 and a two-hundred day simple moving average of $2.62. 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 (NASDAQ:WYHG) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.80) EPS for the quarter. The business had revenue of $32.97 million during the quarter.

About Wing Yip Food Holdings Group

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.