Short Interest in YY Group Holding Limited (NASDAQ:YYGH) Expands By 66.8%

YY Group Holding Limited (NASDAQ:YYGH) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 480,640 shares, a growth of 66.8% from the August 15th total of 288,086 shares. Based on an average daily trading volume, of 11,555,522 shares, the days-to-cover ratio is presently 0.0 days. Approximately 980.9% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on YYGH shares. Weiss Ratings raised shares of YY Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. Wall Street Zen upgraded shares of YY Group to a “sell” rating in a research note on Saturday, June 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

YY Group Stock Performance

NASDAQ YYGH opened at $1.47 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 0.90. YY Group has a 1-year low of $1.02 and a 1-year high of $3,697.50. The business has a 50 day simple moving average of $1.33 and a two-hundred day simple moving average of $27.88.

About YY Group

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.