Yueda Digital Holding (NASDAQ:YDKG) Sees Significant Drop in Short Interest

Yueda Digital Holding (NASDAQ:YDKGGet Free Report) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 94,768 shares, a decrease of 44.7% from the July 15th total of 171,518 shares. Based on an average daily volume of 30,628 shares, the short-interest ratio is currently 3.1 days. Currently, 1.8% of the company’s shares are short sold.

Yueda Digital Price Performance

Shares of Yueda Digital stock opened at $1.07 on Wednesday. Yueda Digital has a one year low of $0.73 and a one year high of $669.00. The business has a 50-day simple moving average of $0.96 and a 200-day simple moving average of $0.92.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Yueda Digital from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, June 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Check Out Our Latest Report on YDKG

Institutional Investors Weigh In On Yueda Digital

An institutional investor recently bought a new position in Yueda Digital stock. Virtu Financial LLC acquired a new position in shares of Yueda Digital Holding (NASDAQ:YDKGFree Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 12,619 shares of the company’s stock, valued at approximately $44,000. Institutional investors own 1.02% of the company’s stock.

Yueda Digital Company Profile

(Get Free Report)

AirMedia Group Inc operates out-of-home advertising platforms primarily in the People’s Republic of China. The company operates a network of digital TV screens on planes operated by five airlines; and gas station media network, as well as other outdoor media advertising platforms in gas stations. It also displays non-advertising content, such as weather, sports, and comedy clips; and television programs, including documentaries and hidden camera type reality shows from other third-party content providers.

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