Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) Sees Significant Decrease in Short Interest

Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 52,190 shares, a decrease of 58.7% from the September 15th total of 126,318 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 37,341 shares, the days-to-cover ratio is presently 1.4 days.

Wing Yip Food Holdings Group Price Performance

NASDAQ WYHG opened at $3.20 on Wednesday. Wing Yip Food Holdings Group has a twelve month low of $1.56 and a twelve month high of $26.17. The business’s fifty day moving average is $4.58 and its 200 day moving average is $3.80.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on WYHG shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Wing Yip Food Holdings Group in a report on Friday, September 25th. Wall Street Zen raised shares of Wing Yip Food Holdings Group to a “hold” rating in a research note on Saturday, August 22nd. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, Wing Yip Food Holdings Group presently has an average rating of “Sell”.

Wing Yip Food Holdings Group Company Profile

Wing Yip Food Holdings Group Limited is a food company that operates through subsidiaries in China. The company focuses on the production and sale of food products for consumers and commercial customers.

Its product portfolio includes Chinese-style prepared and preserved foods, including meat-based products and other packaged food offerings. The company’s activities encompass food manufacturing, processing, packaging and distribution.

Wing Yip Food Holdings Group serves the Chinese market through its food-production operations and sales channels.