Short Interest in YY Group Holding Limited (NASDAQ:YYGH) Increases By 1,390.1%

YY Group Holding Limited (NASDAQ:YYGH) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 953,984 shares, an increase of 1,390.1% from the May 14th total of 64,023 shares. Based on an average daily trading volume, of 21,823,834 shares, the short-interest ratio is presently 0.0 days. Approximately 64.5% of the shares of the stock are short sold.

YY Group Stock Down 3.4%

Shares of YY Group stock traded down $0.00 during trading on Tuesday, reaching $0.13. The company’s stock had a trading volume of 81,831,382 shares, compared to its average volume of 39,581,096. YY Group has a 52-week low of $0.11 and a 52-week high of $172.50. The firm’s 50-day moving average is $0.93 and its two-hundred day moving average is $6.50. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.90 and a quick ratio of 0.90.

Wall Street Analyst Weigh In

A number of research firms have commented on YYGH. Weiss Ratings cut shares of YY Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, April 27th. Wall Street Zen raised shares of YY Group to a “sell” rating in a research note on Saturday, April 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On YY Group

An institutional investor recently bought a new position in YY Group stock. Jane Street Group LLC purchased a new position in YY Group Holding Limited (NASDAQ:YYGH) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,089 shares of the company’s stock, valued at approximately $27,000.

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.