YY Group Holding Limited (NASDAQ:YYGH) Sees Large Increase in Short Interest

YY Group Holding Limited (NASDAQ:YYGH) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 349,345 shares, a growth of 57.5% from the January 15th total of 221,780 shares. Based on an average daily volume of 920,466 shares, the short-interest ratio is presently 0.4 days. Currently, 0.6% of the company’s stock are sold short. Currently, 0.6% of the company’s stock are sold short. Based on an average daily volume of 920,466 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On YY Group

A hedge fund recently bought a new stake in YY Group stock. Jane Street Group LLC bought a new stake in YY Group Holding Limited (NASDAQ:YYGH) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,089 shares of the company’s stock, valued at approximately $27,000.

YY Group Stock Down 0.7%

Shares of NASDAQ:YYGH opened at $0.21 on Friday. YY Group has a fifty-two week low of $0.19 and a fifty-two week high of $3.45. The firm has a 50-day simple moving average of $0.22 and a 200 day simple moving average of $0.66.

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

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of YY Group in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

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.