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

Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) saw a large decrease in short interest in April. As of April 30th, there was short interest totaling 154,298 shares, a decrease of 54.0% from the April 15th total of 335,751 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 3,125,841 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Wing Yip Food Holdings Group in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Wing Yip Food Holdings Group Trading Up 3.0%

Shares of WYHG stock traded up $0.02 during trading hours on Friday, hitting $0.83. 23,151 shares of the company were exchanged, compared to its average volume of 449,195. Wing Yip Food Holdings Group has a 1 year low of $0.39 and a 1 year high of $2.05. The company has a current ratio of 3.75, a quick ratio of 3.61 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average of $0.54 and a 200 day moving average of $0.63.

Wing Yip Food Holdings Group’s stock is going to reverse split on the morning of Tuesday, June 2nd. The 1-4 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, June 1st.

Wing Yip Food Holdings Group (NASDAQ:WYHG) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.20) EPS for the quarter. The company had revenue of $32.97 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Centiva Capital LP purchased a new position in Wing Yip Food Holdings Group in the third quarter valued at approximately $37,000. Virtu Financial LLC purchased a new position in Wing Yip Food Holdings Group in the third quarter valued at approximately $38,000. Citadel Advisors LLC purchased a new position in Wing Yip Food Holdings Group in the third quarter valued at approximately $46,000. Renaissance Technologies LLC raised its holdings in Wing Yip Food Holdings Group by 296.1% in the fourth quarter. Renaissance Technologies LLC now owns 60,200 shares of the company’s stock valued at $33,000 after buying an additional 45,000 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in 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 buying an additional 58,045 shares during the period.

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.