Short Interest in Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) Decreases By 94.8%

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 1,143 shares, a drop of 94.8% from the June 15th total of 21,807 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 5,737 shares, the short-interest ratio is currently 0.2 days.

Yue Yuen Industrial Stock Performance

OTCMKTS:YUEIY traded up $0.43 during trading hours on Friday, hitting $8.62. The stock had a trading volume of 390 shares, compared to its average volume of 2,922. The company has a 50 day simple moving average of $8.94 and a two-hundred day simple moving average of $10.14. The company has a quick ratio of 1.37, a current ratio of 2.12 and a debt-to-equity ratio of 0.08. Yue Yuen Industrial has a one year low of $7.34 and a one year high of $12.61.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group cut shares of Yue Yuen Industrial from a “moderate sell” rating to a “strong sell” rating in a report on Monday, March 16th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Yue Yuen Industrial currently has an average rating of “Sell”.

About Yue Yuen Industrial

Yue Yuen Industrial (OTCMKTS: YUEIY) is one of the world’s leading footwear manufacturers, specializing in the design, development, production and distribution of athletic, casual and performance footwear. As an original design manufacturer (ODM) and original equipment manufacturer (OEM), the company partners with many of the globe’s most recognizable sportswear brands, providing end-to-end solutions that range from material sourcing and prototype development to mass production and quality assurance.

The company’s product portfolio encompasses a broad spectrum of footwear categories, including running shoes, basketball sneakers, outdoor footwear and lifestyle models.