Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) Short Interest Up 474.0% in May

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 14,833 shares, an increase of 474.0% from the May 14th total of 2,584 shares. Based on an average trading volume of 11,460 shares, the short-interest ratio is currently 1.3 days. Approximately 0.0% of the company’s stock are sold short.

Yue Yuen Industrial Stock Performance

YUEIY remained flat at $9.07 during trading hours on Wednesday. The company had a trading volume of 11,496 shares, compared to its average volume of 3,482. The firm’s 50-day simple moving average is $9.65 and its two-hundred day simple moving average is $10.53. Yue Yuen Industrial has a 52 week low of $6.86 and a 52 week high of $12.61. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 2.12.

Analysts Set New Price Targets

Separately, Jefferies Financial Group cut Yue Yuen Industrial from a “moderate sell” rating to a “strong sell” rating in a research note on Monday, March 16th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Yue Yuen Industrial Company Profile

Yue Yuen Industrial (OTCMKTS: YUEIY) is one of the world’s leading footwear manufacturers, specializing in the design, development, production and distribution of athletic, casual and performance footwear. As an original design manufacturer (ODM) and original equipment manufacturer (OEM), the company partners with many of the globe’s most recognizable sportswear brands, providing end-to-end solutions that range from material sourcing and prototype development to mass production and quality assurance.

The company’s product portfolio encompasses a broad spectrum of footwear categories, including running shoes, basketball sneakers, outdoor footwear and lifestyle models.