Hf Foods Group Inc. (NASDAQ:HFFG) Sees Significant Drop in Short Interest

Hf Foods Group Inc. (NASDAQ:HFFG) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 323,207 shares, a drop of 71.5% from the June 15th total of 1,135,223 shares. Based on an average daily volume of 654,796 shares, the short-interest ratio is currently 0.5 days. Approximately 0.6% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Abel Hall LLC bought a new stake in Hf Foods Group during the fourth quarter worth about $26,000. Virtu Financial LLC bought a new position in Hf Foods Group in the 3rd quarter valued at approximately $39,000. HRT Financial LP purchased a new stake in shares of Hf Foods Group during the 4th quarter valued at about $40,000. Tower Research Capital LLC TRC boosted its holdings in Hf Foods Group by 192.7% in the second quarter. Tower Research Capital LLC TRC now owns 12,450 shares of the company’s stock worth $40,000 after purchasing an additional 8,197 shares during the last quarter. Finally, Busey Bank bought a new stake in shares of Hf Foods Group in the first quarter worth $47,000. 24.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Wall Street Zen lowered shares of Hf Foods Group from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Alliance Global Partners began coverage on shares of Hf Foods Group in a report on Thursday, April 16th. They issued a “buy” rating and a $5.00 price target on the stock. Weiss Ratings cut shares of Hf Foods Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, July 2nd. Finally, Roth Capital reaffirmed a “buy” rating on shares of Hf Foods Group in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $5.50.

Hf Foods Group Trading Up 3.0%

Hf Foods Group stock traded up $0.05 during mid-day trading on Monday, reaching $1.69. 126,525 shares of the company traded hands, compared to its average volume of 210,063. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.11 and a quick ratio of 0.49. Hf Foods Group has a 52-week low of $1.38 and a 52-week high of $3.87. The firm has a market capitalization of $90.37 million, a price-to-earnings ratio of -2.49, a P/E/G ratio of 0.45 and a beta of 0.59. The firm’s 50 day moving average price is $1.86 and its 200 day moving average price is $1.93.

Hf Foods Group (NASDAQ:HFFG) last announced its earnings results on Monday, May 11th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. The firm had revenue of $312.00 million for the quarter, compared to analyst estimates of $307.36 million. Hf Foods Group had a negative net margin of 2.90% and a positive return on equity of 6.94%. On average, analysts anticipate that Hf Foods Group will post 0.33 earnings per share for the current fiscal year.

Hf Foods Group Company Profile

HF Foods Group, Inc, together with its subsidiaries, manufactures, imports and distributes a variety of ethnic and specialty food products primarily for retail and foodservice customers in the United States. The company focuses on value‐added fresh and frozen offerings that cater to growing consumer interest in Hispanic and other global cuisines. Its vertically integrated operations include in‐house manufacturing, procurement of specialty ingredients, and third‐party distribution partnerships.

The company’s product portfolio spans a broad range of categories, including fresh and frozen tamales, enchiladas, empanadas, tortillas and quesadillas, as well as shelf‐stable salsas, sauces, dips, spreads and snack items.