YY Group Holding Limited (NASDAQ:YYGH) Sees Significant Growth in Short Interest

YY Group Holding Limited (NASDAQ:YYGH) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 668,345 shares, a growth of 116.5% from the December 15th total of 308,650 shares. Based on an average trading volume of 5,121,879 shares, the days-to-cover ratio is currently 0.1 days. Currently, 1.2% of the company’s stock are sold short. Currently, 1.2% of the company’s stock are sold short. Based on an average trading volume of 5,121,879 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On YY Group

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

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of YY Group in a research note on Thursday, October 30th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, YY Group presently has an average rating of “Sell”.

YY Group Stock Down 0.2%

YY Group stock opened at $0.22 on Wednesday. The company has a fifty day simple moving average of $0.24 and a 200-day simple moving average of $1.05. YY Group has a 12-month low of $0.20 and a 12-month high of $3.45.

YY Group (NASDAQ:YYGH) last posted its earnings results on Monday, December 29th. The company reported ($0.10) EPS for the quarter. The company had revenue of $12.88 million during the quarter.

YY Group Company Profile

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.