Hf Foods Group Inc. (NASDAQ:HFFG) Short Interest Down 71.5% in June

Hf Foods Group Inc. (NASDAQ:HFFG) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 323,207 shares, a drop of 71.5% from the June 15th total of 1,135,223 shares. Based on an average trading volume of 654,796 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.6% of the company’s shares are short sold.

Analyst Ratings Changes

Several equities analysts recently commented on HFFG shares. Alliance Global Partners began coverage on Hf Foods Group in a research report on Thursday, April 16th. They set a “buy” rating and a $5.00 price target on the stock. Weiss Ratings lowered shares of Hf Foods Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, July 2nd. Wall Street Zen downgraded shares of Hf Foods Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Finally, Roth Capital restated a “buy” rating on shares of Hf Foods Group in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.50.

Hf Foods Group Stock Performance

Hf Foods Group stock traded down $0.04 during mid-day trading on Tuesday, reaching $1.65. The company’s stock had a trading volume of 39,476 shares, compared to its average volume of 208,771. The company has a current ratio of 1.11, a quick ratio of 0.49 and a debt-to-equity ratio of 0.59. Hf Foods Group has a twelve month low of $1.38 and a twelve month high of $3.87. The business has a 50 day moving average price of $1.86 and a 200-day moving average price of $1.93. The firm has a market cap of $88.23 million, a price-to-earnings ratio of -2.43, a PEG ratio of 0.45 and a beta of 0.59.

Hf Foods Group (NASDAQ:HFFG) last issued its earnings results on Monday, May 11th. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. Hf Foods Group had a negative net margin of 2.90% and a positive return on equity of 6.94%. The company had revenue of $312.00 million for the quarter, compared to analysts’ expectations of $307.36 million. Sell-side analysts predict that Hf Foods Group will post 0.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Hf Foods Group

Large investors have recently bought and sold shares of the business. Abel Hall LLC bought a new position in shares of Hf Foods Group during the fourth quarter valued at approximately $26,000. Tower Research Capital LLC TRC lifted its holdings in shares of Hf Foods Group by 192.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 12,450 shares of the company’s stock worth $40,000 after purchasing an additional 8,197 shares during the last quarter. Virtu Financial LLC acquired a new position in Hf Foods Group during the 3rd quarter valued at approximately $39,000. Invesco Ltd. grew its stake in Hf Foods Group by 37.1% during the 2nd quarter. Invesco Ltd. now owns 16,070 shares of the company’s stock worth $51,000 after buying an additional 4,351 shares during the last quarter. Finally, HRT Financial LP bought a new position in Hf Foods Group during the 4th quarter worth $40,000. Institutional investors own 24.02% of the company’s stock.

Hf Foods Group Company Profile

HF Foods Group, Inc, together with its subsidiaries, manufactures, imports and distributes a variety of ethnic and specialty food products primarily for retail and foodservice customers in the United States. The company focuses on value‐added fresh and frozen offerings that cater to growing consumer interest in Hispanic and other global cuisines. Its vertically integrated operations include in‐house manufacturing, procurement of specialty ingredients, and third‐party distribution partnerships.

The company’s product portfolio spans a broad range of categories, including fresh and frozen tamales, enchiladas, empanadas, tortillas and quesadillas, as well as shelf‐stable salsas, sauces, dips, spreads and snack items.