Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG – Get Free Report) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 71,437 shares, a decline of 48.2% from the August 15th total of 137,796 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average trading volume of 504,059 shares, the days-to-cover ratio is presently 0.1 days.
Wing Yip Food Holdings Group Stock Performance
Wing Yip Food Holdings Group stock traded up $0.11 during midday trading on Tuesday, hitting $4.24. The company’s stock had a trading volume of 842,037 shares, compared to its average volume of 749,826. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.77 and a quick ratio of 4.42. Wing Yip Food Holdings Group has a 1-year low of $1.56 and a 1-year high of $26.17. The company has a 50-day moving average price of $4.59 and a two-hundred day moving average price of $3.50.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Wing Yip Food Holdings Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, June 29th. Wall Street Zen upgraded Wing Yip Food Holdings Group to a “hold” rating in a report on Saturday, August 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.
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.
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