WF Holding Limited (NASDAQ:WFF) Shares Shorted: Short Interest Up 1,326.8% in October

WF Holding Limited (NASDAQ:WFF) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 1,192,457 shares, a growth of 1,326.8% from the September 30th total of 83,573 shares. Based on an average trading volume of 54,019,029 shares, the days-to-cover ratio is presently 0.0 days. Approximately 34.7% of the company’s shares are sold short.

Analyst Ratings Changes

WFF has been the subject of a number of recent analyst reports. Weiss Ratings lowered shares of WF from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday. Wall Street Zen downgraded shares of WF from a “hold” rating to a “sell” rating in a research note on Saturday, October 17th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

WF Stock Up 12.3%

Shares of NASDAQ WFF opened at $0.09 on Tuesday. WF has a one year low of $0.06 and a one year high of $50.60. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.74 and a current ratio of 4.99. The business has a 50-day moving average price of $2.24 and a two-hundred day moving average price of $2.10.

WF (NASDAQ:WFF) last released its earnings results on Friday, October 2nd. The company reported ($5.70) earnings per share for the quarter. The business had revenue of $1.53 million during the quarter.

WF Company Profile

W.F Holding Ltd. engages in the manufacture of fiberglass reinforced plastic and FRP products. It sells a range of FRP products, including filament wound and molded tanks, thermoplastic tanks, lining products, ducting and fitting products, air pollution control equipment, and custom-made products. The firm also offer delivery, installation and repair, maintenance services, and on-site consultation services. The company was founded on March 7, 2023 and is headquartered in Shah Alam, Malaysia.