Hf Foods Group Inc. (NASDAQ:HFFG) Short Interest Update

Hf Foods Group Inc. (NASDAQ:HFFG) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 1,530,378 shares, a drop of 13.9% from the March 15th total of 1,777,429 shares. Based on an average daily volume of 270,786 shares, the short-interest ratio is currently 5.7 days. Currently, 3.1% of the shares of the company are sold short.

Hf Foods Group Trading Up 1.9%

Shares of HFFG stock opened at $2.16 on Friday. The firm has a 50 day moving average price of $1.87 and a two-hundred day moving average price of $2.16. The company has a quick ratio of 0.53, a current ratio of 1.18 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $114.57 million, a PE ratio of -2.96, a price-to-earnings-growth ratio of 0.60 and a beta of 0.48. Hf Foods Group has a 12-month low of $1.38 and a 12-month high of $4.45.

Hf Foods Group (NASDAQ:HFFG) last issued its quarterly earnings data on Monday, March 16th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.05). The company had revenue of $308.02 million for the quarter, compared to analyst estimates of $308.37 million. Hf Foods Group had a positive return on equity of 6.83% and a negative net margin of 3.16%. As a group, analysts predict that Hf Foods Group will post 0.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on HFFG shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hf Foods Group in a report on Monday, December 29th. Wall Street Zen cut Hf Foods Group from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Roth Mkm reduced their price target on Hf Foods Group from $7.00 to $6.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. Finally, Alliance Global Partners began coverage on Hf Foods Group in a report on Thursday. They set a “buy” rating and a $5.00 price target for the company. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $5.50.

Institutional Investors Weigh In On Hf Foods Group

Several hedge funds have recently bought and sold shares of the stock. Abel Hall LLC acquired a new stake in shares of Hf Foods Group in the fourth quarter valued at approximately $26,000. Tower Research Capital LLC TRC raised its position in shares of Hf Foods Group by 192.7% in the second quarter. Tower Research Capital LLC TRC now owns 12,450 shares of the company’s stock valued at $40,000 after buying an additional 8,197 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Hf Foods Group in the third quarter valued at approximately $39,000. Invesco Ltd. raised its position in shares of Hf Foods Group by 37.1% in the second quarter. Invesco Ltd. now owns 16,070 shares of the company’s stock valued at $51,000 after buying an additional 4,351 shares in the last quarter. Finally, HRT Financial LP acquired a new stake in shares of Hf Foods Group in the fourth quarter valued at approximately $40,000. 24.02% of the stock is currently owned by institutional investors and hedge funds.

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.