YY Group Holding Limited (NASDAQ:YYGH) Short Interest Down 70.8% in July

YY Group Holding Limited (NASDAQ:YYGH) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 214,381 shares, a decline of 70.8% from the July 15th total of 735,286 shares. Based on an average daily volume of 489,905 shares, the days-to-cover ratio is currently 0.4 days. Approximately 428.8% of the company’s shares are short sold.

YY Group Stock Performance

Shares of NASDAQ:YYGH opened at $1.27 on Thursday. YY Group has a 1-year low of $1.02 and a 1-year high of $3,900.00. The firm has a fifty day moving average price of $1.91 and a 200 day moving average price of $82.03. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.13.

Wall Street Analysts Forecast Growth

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

Insider Transactions at YY Group

In related news, major shareholder Financial Lp Hrt acquired 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, for a total transaction of $174,107.76. Following the acquisition, the insider owned 4,953,317 shares in the company, valued at approximately $396,265.36. This represents a 78.37% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders have bought 2,259,450 shares of company stock valued at $517,582.

Institutional Investors Weigh In On YY Group

An institutional investor recently raised its stake in YY Group stock. Virtu Financial LLC lifted its holdings in YY Group Holding Limited (NASDAQ:YYGH) by 213.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,956 shares of the company’s stock after buying an additional 104,141 shares during the quarter. Virtu Financial LLC owned 0.27% of YY Group worth $31,000 as of its most recent SEC filing.

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.