YY Group Holding Limited (NASDAQ:YYGH) Short Interest Down 40.4% in December

YY Group Holding Limited (NASDAQ:YYGH) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 308,650 shares, a drop of 40.4% from the November 30th total of 517,981 shares. Based on an average daily volume of 586,685 shares, the short-interest ratio is presently 0.5 days. Currently, 0.5% of the company’s shares are short sold. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 586,685 shares, the short-interest ratio is presently 0.5 days.

YY Group Price Performance

YYGH opened at $0.21 on Friday. YY Group has a 12-month low of $0.20 and a 12-month high of $3.45. The business’s fifty day simple moving average is $0.26 and its 200-day simple moving average is $1.21.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of YY Group in a report on Thursday, October 30th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On YY Group

A hedge fund recently bought a new stake in YY Group stock. Jane Street Group LLC purchased a new position in YY Group Holding Limited (NASDAQ:YYGH) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,089 shares of the company’s stock, valued at approximately $27,000.

About YY Group

YY Group Holding Limited, a data and technology driven company, provides manpower outsourcing and cleaning services in Singapore and Malaysia. Its cleaning services include commercial cleaning for offices and schools; hospitality cleaning for hotels and shopping centers; industrial cleaning, facade cleaning, disinfection, and stewarding services for meetings, incentives, conferences, and exhibitions, as well as banquets; and pest control services. The company also offers cleaning robots and machines to enhance cleaning performance by deploying them at designated premises.