Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) Short Interest Down 48.2% in August

Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 71,437 shares, a decrease of 48.2% from the August 15th total of 137,796 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 504,059 shares, the short-interest ratio is currently 0.1 days.

Wing Yip Food Holdings Group Price Performance

NASDAQ WYHG traded up $0.11 on Tuesday, reaching $4.24. The company had a trading volume of 842,037 shares, compared to its average volume of 749,826. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.42 and a current ratio of 4.77. Wing Yip Food Holdings Group has a fifty-two week low of $1.56 and a fifty-two week high of $26.17. The business has a 50 day moving average of $4.59 and a two-hundred day moving average of $3.50.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Wall Street Zen raised shares of Wing Yip Food Holdings Group to a “hold” rating in a report on Saturday, August 22nd. Weiss Ratings upgraded shares of Wing Yip Food Holdings Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Wing Yip Food Holdings Group Company Profile

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.