Hf Foods Group Inc. (NASDAQ:HFFG) Sees Significant Growth in Short Interest

Hf Foods Group Inc. (NASDAQ:HFFG) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 1,187,013 shares, a growth of 22.1% from the January 15th total of 972,317 shares. Based on an average trading volume of 108,918 shares, the days-to-cover ratio is presently 10.9 days. Currently, 2.4% of the shares of the company are sold short. Currently, 2.4% of the shares of the company are sold short. Based on an average trading volume of 108,918 shares, the days-to-cover ratio is presently 10.9 days.

Hedge Funds Weigh In On Hf Foods Group

A number of hedge funds have recently modified their holdings of the stock. Heron Bay Capital Management bought a new stake in shares of Hf Foods Group in the 2nd quarter worth about $71,000. Los Angeles Capital Management LLC grew its stake in Hf Foods Group by 393.3% during the second quarter. Los Angeles Capital Management LLC now owns 129,797 shares of the company’s stock worth $413,000 after buying an additional 103,483 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Hf Foods Group during the first quarter worth approximately $115,000. HRT Financial LP bought a new position in shares of Hf Foods Group in the fourth quarter valued at approximately $40,000. Finally, North Star Investment Management Corp. acquired a new position in shares of Hf Foods Group in the 4th quarter worth approximately $60,000. 24.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HFFG shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hf Foods Group in a research note on Monday, December 29th. Wall Street Zen lowered shares of Hf Foods Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Hf Foods Group currently has a consensus rating of “Hold” and a consensus price target of $7.00.

Hf Foods Group Price Performance

Shares of Hf Foods Group stock opened at $1.48 on Tuesday. The firm has a market cap of $78.50 million, a P/E ratio of -1.72, a price-to-earnings-growth ratio of 0.22 and a beta of 0.43. The firm’s 50-day simple moving average is $2.12 and its 200-day simple moving average is $2.56. Hf Foods Group has a twelve month low of $1.47 and a twelve month high of $4.93. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.42 and a current ratio of 1.19.

About Hf Foods Group

HF Foods Group, Inc, together with its subsidiaries, manufactures, imports and distributes a variety of ethnic and specialty food products primarily for retail and foodservice customers in the United States. The company focuses on value‐added fresh and frozen offerings that cater to growing consumer interest in Hispanic and other global cuisines. Its vertically integrated operations include in‐house manufacturing, procurement of specialty ingredients, and third‐party distribution partnerships.

The company’s product portfolio spans a broad range of categories, including fresh and frozen tamales, enchiladas, empanadas, tortillas and quesadillas, as well as shelf‐stable salsas, sauces, dips, spreads and snack items.