YY Group Holding Limited (NASDAQ:YYGH) Short Interest Down 51.0% in May

YY Group Holding Limited (NASDAQ:YYGH) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 64,023 shares, a drop of 51.0% from the April 30th total of 130,554 shares. Based on an average trading volume of 488,317 shares, the days-to-cover ratio is presently 0.1 days. Currently, 4.3% of the company’s shares are sold short.

YY Group Price Performance

NASDAQ:YYGH traded down $0.01 during mid-day trading on Wednesday, reaching $0.15. 6,635,144 shares of the company’s stock traded hands, compared to its average volume of 2,967,333. The company has a 50 day moving average price of $1.05 and a 200-day moving average price of $7.04. 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 12-month low of $0.13 and a 12-month high of $172.50.

Analyst Ratings Changes

Several analysts have weighed in on YYGH shares. Wall Street Zen upgraded YY Group to a “sell” rating in a research report on Saturday, April 18th. Weiss Ratings downgraded shares of YY Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in YY Group stock. Jane Street Group LLC bought a new position in YY Group Holding Limited (NASDAQ:YYGH) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,089 shares of the company’s stock, valued at approximately $27,000.

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.