DDC Enterprise Limited (NYSEAMERICAN:DDC) Sees Significant Growth in Short Interest

DDC Enterprise Limited (NYSEAMERICAN:DDC) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 251,764 shares, an increase of 67.3% from the September 30th total of 150,459 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 9,359,129 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On DDC Enterprise

A hedge fund recently bought a new position in DDC Enterprise stock. Anson Funds Management LP bought a new position in DDC Enterprise Limited (NYSEAMERICAN:DDC) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 956,694 shares of the company’s stock, valued at approximately $1,894,000. Anson Funds Management LP owned 4.11% of DDC Enterprise at the end of the most recent reporting period. Institutional investors and hedge funds own 0.22% of the company’s stock.

DDC Enterprise Stock Performance

Shares of DDC opened at $0.14 on Monday. The company has a quick ratio of 1.80, a current ratio of 1.83 and a debt-to-equity ratio of 0.11. The firm’s 50 day moving average price is $0.26 and its 200 day moving average price is $0.78. DDC Enterprise has a twelve month low of $0.12 and a twelve month high of $8.00.

DDC Enterprise (NYSEAMERICAN:DDC) last released its quarterly earnings data on Thursday, September 3rd. The company reported ($0.58) earnings per share (EPS) for the quarter. The company had revenue of $10.06 million for the quarter.

DDC Enterprise Company Profile

DDC Enterprise Limited is a consumer food company that develops, markets and sells Asian-inspired food products. Its offerings include ready-to-cook meal kits, packaged foods, snacks and other convenient culinary products designed for home preparation and consumption.

The company operates through its DayDayCook brand, which combines food products with recipes, cooking content and digital commerce. Its business model is intended to connect consumers with Asian flavors through online channels and retail distribution.

DDC Enterprise was founded in Hong Kong in 2012 by Norma Chu, who serves as the company’s chief executive officer.