Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) Shares Shorted: Short Interest Down 58.7% in September

Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 52,190 shares, a decrease of 58.7% from the September 15th total of 126,318 shares. Based on an average daily volume of 37,341 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.4% of the shares of the stock are short sold.

Wing Yip Food Holdings Group Stock Down 4.7%

Shares of NASDAQ WYHG opened at $3.05 on Thursday. Wing Yip Food Holdings Group has a 12-month low of $1.56 and a 12-month high of $26.17. The company has a 50-day moving average of $4.58 and a 200 day moving average of $3.81.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Wall Street Zen upgraded Wing Yip Food Holdings Group to a “hold” rating in a report on Saturday, August 22nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Wing Yip Food Holdings Group in a report on Friday, September 25th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Wing Yip Food Holdings Group presently has an average rating of “Sell”.

Wing Yip Food Holdings Group Company Profile

Wing Yip Food Holdings Group Limited is a food company that operates through subsidiaries in China. The company focuses on the production and sale of food products for consumers and commercial customers.

Its product portfolio includes Chinese-style prepared and preserved foods, including meat-based products and other packaged food offerings. The company’s activities encompass food manufacturing, processing, packaging and distribution.

Wing Yip Food Holdings Group serves the Chinese market through its food-production operations and sales channels.