Short Interest in DDC Enterprise Limited (NYSEAMERICAN:DDC) Expands By 197.2%

DDC Enterprise Limited (NYSEAMERICAN:DDC) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 266,261 shares, a growth of 197.2% from the July 15th total of 89,592 shares. Based on an average trading volume of 167,227 shares, the short-interest ratio is presently 1.6 days. Currently, 0.6% of the company’s stock are sold short.

Institutional Trading of DDC Enterprise

An institutional investor recently bought a new position in DDC Enterprise stock. Anson Funds Management LP acquired a new stake in DDC Enterprise Limited (NYSEAMERICAN:DDC) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 956,694 shares of the company’s stock, valued at approximately $1,894,000. Anson Funds Management LP owned 4.11% of DDC Enterprise at the end of the most recent reporting period. 0.22% of the stock is owned by institutional investors and hedge funds.

DDC Enterprise Trading Up 17.6%

NYSEAMERICAN:DDC traded up $0.10 on Thursday, hitting $0.70. The stock had a trading volume of 480,712 shares, compared to its average volume of 119,921. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 0.88. DDC Enterprise has a 1 year low of $0.39 and a 1 year high of $14.67. The firm’s fifty day simple moving average is $0.76.

Wall Street Analysts Forecast Growth

Separately, Benchmark assumed coverage on DDC Enterprise in a report on Monday, April 27th. They set a “buy” rating and a $3.00 price objective for the company. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $3.00.

About DDC Enterprise

DDC Enterprise Ltd is a content driven consumer brand offering easy, convenient ready-to-heat, ready-to-cook, and plant-based meal products i.e. meal products consisting largely or solely of vegetables, fruits, grains, and other foods derived from plant-based protein, rather than animal protein) while promoting healthier lifestyle choices to the Millennial and Generation Z customer-base. The company’s operates in two operating segments: merchandise sales and fresh agriculture produce. It is also engaged in the provision of advertising services and the operation of experience stores to offer cooking classes.