Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) Short Interest Down 54.0% in April

Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 154,298 shares, a decrease of 54.0% from the April 15th total of 335,751 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 3,125,841 shares, the short-interest ratio is currently 0.0 days.

Wing Yip Food Holdings Group Stock Performance

Shares of NASDAQ WYHG traded down $0.01 on Friday, reaching $0.80. 26,327 shares of the company’s stock traded hands, compared to its average volume of 1,787,137. Wing Yip Food Holdings Group has a 12 month low of $0.39 and a 12 month high of $2.05. The business’s 50 day simple moving average is $0.54 and its two-hundred day simple moving average is $0.63. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.75 and a quick ratio of 3.61.

Wing Yip Food Holdings Group shares are set to reverse split before the market opens on Tuesday, June 2nd. The 1-4 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, June 1st.

Wing Yip Food Holdings Group (NASDAQ:WYHG) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.20) earnings per share for the quarter. The company had revenue of $32.97 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Wing Yip Food Holdings Group in a research note on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On Wing Yip Food Holdings Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Centiva Capital LP bought a new stake in shares of Wing Yip Food Holdings Group during the third quarter valued at approximately $37,000. Virtu Financial LLC bought a new stake in shares of Wing Yip Food Holdings Group during the third quarter valued at approximately $38,000. Citadel Advisors LLC bought a new stake in shares of Wing Yip Food Holdings Group during the third quarter valued at approximately $46,000. Renaissance Technologies LLC grew its position in Wing Yip Food Holdings Group by 296.1% in the 4th quarter. Renaissance Technologies LLC now owns 60,200 shares of the company’s stock worth $33,000 after purchasing an additional 45,000 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Wing Yip Food Holdings Group by 73.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 137,500 shares of the company’s stock worth $76,000 after purchasing an additional 58,045 shares during the period.

About Wing Yip Food Holdings Group

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.