YY Group Holding Limited (NASDAQ:YYGH) Short Interest Update

YY Group Holding Limited (NASDAQ:YYGH) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 2,273,098 shares, an increase of 1,204.4% from the February 26th total of 174,264 shares. Currently, 3.1% of the company’s shares are short sold. Based on an average daily trading volume, of 11,874,176 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 11,874,176 shares, the short-interest ratio is currently 0.2 days. Currently, 3.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in YY Group stock. Virtu Financial LLC grew its stake in YY Group Holding Limited (NASDAQ:YYGH) by 213.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,956 shares of the company’s stock after purchasing an additional 104,141 shares during the quarter. Virtu Financial LLC owned approximately 0.27% of YY Group worth $31,000 at the end of the most recent reporting period.

YY Group Trading Down 12.9%

YYGH traded down $0.16 during midday trading on Tuesday, hitting $1.08. The company had a trading volume of 582,901 shares, compared to its average volume of 441,503. The stock’s 50 day moving average price is $8.21 and its 200 day moving average price is $12.85. YY Group has a 52 week low of $1.02 and a 52 week high of $172.50.

YY Group (NASDAQ:YYGH) last released its quarterly earnings data on Monday, December 29th. The company reported ($5.15) earnings per share (EPS) for the quarter. The firm had revenue of $12.88 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of YY Group in a research note on Tuesday, January 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

About YY Group

YY Group Holding Limited, a data and technology driven company, provides manpower outsourcing and cleaning services in Singapore and Malaysia. Its cleaning services include commercial cleaning for offices and schools; hospitality cleaning for hotels and shopping centers; industrial cleaning, facade cleaning, disinfection, and stewarding services for meetings, incentives, conferences, and exhibitions, as well as banquets; and pest control services. The company also offers cleaning robots and machines to enhance cleaning performance by deploying them at designated premises.