DDC Enterprise Limited (NYSEAMERICAN:DDC) Sees Large Decrease in Short Interest

DDC Enterprise Limited (NYSEAMERICAN:DDC) saw a significant decline in short interest in September. As of September 30th, there was short interest totaling 150,459 shares, a decline of 76.1% from the September 15th total of 629,496 shares. Based on an average daily volume of 11,374,712 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

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

DDC Enterprise Price Performance

DDC stock traded down $0.01 during midday trading on Monday, hitting $0.19. The stock had a trading volume of 2,909,360 shares, compared to its average volume of 1,452,503. The stock’s 50-day moving average price is $0.36. 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 has a 52-week low of $0.18 and a 52-week high of $9.66.

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

DDC Enterprise Company Profile

DDC Enterprise Limited is a consumer food company focused on building and operating brands centered on Asian-inspired foods and flavors. The company serves consumers primarily through direct-to-consumer e-commerce and retail distribution channels.

Its brand portfolio includes products such as sauces, curry pastes, marinades, noodles, broths and other convenient food products. The company has been associated with brands including Yai’s Thai and Nona Lim, which offer Thai-inspired cooking products and Asian-style noodles, broths and sauces.

DDC Enterprise targets consumers in North America, with an emphasis on making Asian food products more accessible for home cooking.