Short Interest in Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) Increases By 214.7%

Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) saw a large increase in short interest in April. As of April 15th, there was short interest totaling 335,751 shares, an increase of 214.7% from the March 31st total of 106,696 shares. Based on an average daily volume of 435,709 shares, the short-interest ratio is presently 0.8 days. Approximately 0.7% of the company’s shares are sold short.

Hedge Funds Weigh In On Wing Yip Food Holdings Group

Several institutional investors have recently modified their holdings of the business. Centiva Capital LP bought a new position in shares of Wing Yip Food Holdings Group in the third quarter valued at approximately $37,000. Virtu Financial LLC bought a new position in shares of Wing Yip Food Holdings Group in the third quarter valued at approximately $38,000. Citadel Advisors LLC bought a new position in shares of Wing Yip Food Holdings Group in the third quarter valued at approximately $46,000. Renaissance Technologies LLC grew its holdings in shares of Wing Yip Food Holdings Group by 296.1% in the fourth quarter. Renaissance Technologies LLC now owns 60,200 shares of the company’s stock valued at $33,000 after acquiring an additional 45,000 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Wing Yip Food Holdings Group by 73.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 137,500 shares of the company’s stock valued at $76,000 after acquiring an additional 58,045 shares in the last quarter.

Wing Yip Food Holdings Group Price Performance

Shares of Wing Yip Food Holdings Group stock opened at $0.65 on Monday. Wing Yip Food Holdings Group has a 52 week low of $0.39 and a 52 week high of $12.00. The business has a 50 day moving average price of $0.46 and a 200-day moving average price of $0.67. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.75 and a quick ratio of 3.61.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Wing Yip Food Holdings Group in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Wing Yip Food Holdings Group currently has a consensus rating of “Sell”.

About Wing Yip Food Holdings Group

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.