Short Interest in YY Group Holding Limited (NASDAQ:YYGH) Grows By 589.3%

YY Group Holding Limited (NASDAQ:YYGH) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 735,286 shares, a growth of 589.3% from the June 30th total of 106,677 shares. Approximately 1,470.6% of the company’s stock are short sold. Based on an average daily trading volume, of 2,657,341 shares, the days-to-cover ratio is presently 0.3 days.

Insider Buying and Selling at YY Group

In other YY Group news, major shareholder Financial Lp Hrt bought 2,176,347 shares of YY Group stock in a transaction dated Thursday, June 18th. The stock was bought at an average cost of $0.08 per share, with a total value of $174,107.76. Following the completion of the acquisition, the insider directly owned 4,953,317 shares in the company, valued at approximately $396,265.36. The trade was a 78.37% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders purchased 2,259,450 shares of company stock valued at $517,582.

Institutional Trading of YY Group

An institutional investor recently bought a new stake in YY Group stock. Jane Street Group LLC bought a new position in YY Group Holding Limited (NASDAQ:YYGH) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 10,089 shares of the company’s stock, valued at approximately $27,000.

YY Group Stock Performance

NASDAQ:YYGH traded down $0.11 during trading hours on Friday, hitting $1.17. The stock had a trading volume of 385,266 shares, compared to its average volume of 1,573,422. The company has a 50 day simple moving average of $4.63 and a two-hundred day simple moving average of $113.54. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.13. YY Group has a one year low of $1.02 and a one year high of $5,175.00.

Analyst Upgrades and Downgrades

YYGH has been the subject of several research reports. Weiss Ratings upgraded shares of YY Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. Wall Street Zen raised YY Group to a “sell” rating in a research report on Saturday, June 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, YY Group has an average rating of “Sell”.

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.