Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) Short Interest Down 94.8% in June

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 1,143 shares, a drop of 94.8% from the June 15th total of 21,807 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 5,737 shares, the days-to-cover ratio is presently 0.2 days.

Yue Yuen Industrial Trading Up 5.3%

Shares of Yue Yuen Industrial stock traded up $0.43 during trading on Friday, reaching $8.62. The company had a trading volume of 390 shares, compared to its average volume of 4,888. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 2.12. The firm’s fifty day moving average is $8.96 and its 200-day moving average is $10.16. Yue Yuen Industrial has a fifty-two week low of $7.34 and a fifty-two week high of $12.61.

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 report on Monday, March 16th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company 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.