YY Group Holding Limited (NASDAQ:YYGH) Short Interest Update

YY Group Holding Limited (NASDAQ:YYGH) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 106,677 shares, a drop of 92.8% from the June 15th total of 1,487,613 shares. Currently, 217.7% of the company’s stock are sold short. Based on an average daily trading volume, of 1,712,566 shares, the days-to-cover ratio is currently 0.1 days.

Insider Buying and Selling

In related news, major shareholder Financial Lp Hrt purchased 2,176,347 shares of YY Group stock in a transaction that occurred on Thursday, June 18th. The shares were purchased at an average cost of $0.08 per share, with a total value of $174,107.76. Following the transaction, the insider owned 4,953,317 shares of the company’s stock, valued at approximately $396,265.36. The trade was a 78.37% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders purchased 2,259,450 shares of company stock worth $517,582.

Institutional Investors Weigh In On YY Group

An institutional investor recently raised its position in YY Group stock. Virtu Financial LLC raised its holdings in YY Group Holding Limited (NASDAQ:YYGH) by 213.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 152,956 shares of the company’s stock after purchasing an additional 104,141 shares during the period. Virtu Financial LLC owned about 0.27% of YY Group worth $31,000 as of its most recent SEC filing.

YY Group Trading Up 4.4%

Shares of NASDAQ YYGH traded up $0.06 during midday trading on Friday, reaching $1.43. 3,801,987 shares of the company’s stock were exchanged, compared to its average volume of 1,494,577. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.13. YY Group has a 52-week low of $1.11 and a 52-week high of $5,175.00. The business’s fifty day moving average price is $10.77 and its two-hundred day moving average price is $135.22.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on YYGH. Wall Street Zen upgraded shares of YY Group to a “sell” rating in a research note on Saturday, June 27th. Weiss Ratings upgraded shares of YY Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

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.