Short Interest in YY Group Holding Limited (NASDAQ:YYGH) Increases By 1,390.1%

YY Group Holding Limited (NASDAQ:YYGH) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 953,984 shares, an increase of 1,390.1% from the May 14th total of 64,023 shares. Currently, 64.5% of the shares of the company are sold short. Based on an average trading volume of 21,823,834 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

YYGH has been the topic of several research reports. Weiss Ratings lowered shares of YY Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, April 27th. Wall Street Zen raised shares of YY Group to a “sell” rating in a research report on Saturday, April 18th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

YY Group Trading Down 3.4%

Shares of NASDAQ YYGH traded down $0.00 during midday trading on Tuesday, hitting $0.13. The company’s stock had a trading volume of 81,831,382 shares, compared to its average volume of 39,581,096. The stock has a fifty day moving average price of $0.93 and a 200 day moving average price of $6.50. YY Group has a one year low of $0.11 and a one year high of $172.50. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 0.90.

Institutional Trading of YY Group

An institutional investor recently raised its position in YY Group stock. Virtu Financial LLC grew its holdings in YY Group Holding Limited (NASDAQ:YYGH) by 213.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 152,956 shares of the company’s stock after purchasing an additional 104,141 shares during the period. Virtu Financial LLC owned approximately 0.27% of YY Group worth $31,000 at the end of the most recent quarter.

YY Group Company Profile

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.