DDC Enterprise Limited (NYSEAMERICAN:DDC) Sees Significant Increase in Short Interest

DDC Enterprise Limited (NYSEAMERICAN:DDC) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 892,035 shares, an increase of 673.7% from the August 15th total of 115,300 shares. Currently, 1.6% of the company’s shares are short sold. Based on an average trading volume of 1,739,520 shares, the short-interest ratio is currently 0.5 days.

DDC Enterprise Price Performance

NYSEAMERICAN:DDC opened at $0.25 on Friday. DDC Enterprise has a 1 year low of $0.24 and a 1 year high of $11.40. The firm has a 50-day simple moving average of $0.52. The company has a quick ratio of 1.80, a current ratio of 1.83 and a debt-to-equity ratio of 0.11.

DDC Enterprise (NYSEAMERICAN:DDC) last released its quarterly earnings results on Thursday, September 3rd. The company reported ($0.58) EPS for the quarter. The firm had revenue of $10.06 million during the quarter.

Institutional Trading of DDC Enterprise

A hedge fund recently bought a new stake in DDC Enterprise stock. Anson Funds Management LP purchased a new stake in DDC Enterprise Limited (NYSEAMERICAN:DDC) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 956,694 shares of the company’s stock, valued at approximately $1,894,000. Anson Funds Management LP owned 4.11% of DDC Enterprise as of its most recent SEC filing. Institutional investors and hedge funds own 0.22% of the company’s stock.

About DDC Enterprise

DDC Enterprise Ltd is a content driven consumer brand offering easy, convenient ready-to-heat, ready-to-cook, and plant-based meal products i.e. meal products consisting largely or solely of vegetables, fruits, grains, and other foods derived from plant-based protein, rather than animal protein) while promoting healthier lifestyle choices to the Millennial and Generation Z customer-base. The company’s operates in two operating segments: merchandise sales and fresh agriculture produce. It is also engaged in the provision of advertising services and the operation of experience stores to offer cooking classes.