Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) Short Interest Down 69.5% in June

Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 59,789 shares, a decrease of 69.5% from the May 31st total of 195,725 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 216,040 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Wing Yip Food Holdings Group

Large investors have recently made changes to their positions in the business. Virtu Financial LLC acquired a new position in shares of Wing Yip Food Holdings Group in the 3rd quarter worth approximately $38,000. Centiva Capital LP bought a new stake in shares of Wing Yip Food Holdings Group in the 3rd quarter worth approximately $37,000. Citadel Advisors LLC acquired a new stake in Wing Yip Food Holdings Group during the third quarter valued at approximately $46,000. Goldman Sachs Group Inc. lifted its stake in Wing Yip Food Holdings Group by 73.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 137,500 shares of the company’s stock valued at $76,000 after purchasing an additional 58,045 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Wing Yip Food Holdings Group by 296.1% during the fourth quarter. Renaissance Technologies LLC now owns 60,200 shares of the company’s stock worth $33,000 after buying an additional 45,000 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Wing Yip Food Holdings Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, June 15th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Wing Yip Food Holdings Group Stock Performance

WYHG opened at $3.61 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.77 and a quick ratio of 4.42. The stock’s fifty day moving average is $3.53 and its 200-day moving average is $2.62. Wing Yip Food Holdings Group has a one year low of $1.56 and a one year high of $8.81.

Wing Yip Food Holdings Group (NASDAQ:WYHG) last announced its earnings results on Thursday, May 14th. The company reported ($0.80) earnings per share for the quarter. The company had revenue of $32.97 million during the quarter.

Wing Yip Food Holdings Group Company Profile

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.