Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) Shares Shorted: Short Interest Down 35.0% in October

Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 33,920 shares, a drop of 35.0% from the September 30th total of 52,190 shares. Based on an average daily trading volume, of 59,990 shares, the short-interest ratio is currently 0.6 days. Approximately 0.3% of the company’s shares are short sold.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wall Street Zen raised shares of Wing Yip Food Holdings Group to a “hold” rating in a research note on Saturday, August 22nd. Weiss Ratings restated a “sell (d+)” rating on shares of Wing Yip Food Holdings Group in a report on Friday, September 25th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Wing Yip Food Holdings Group Stock Performance

Shares of Wing Yip Food Holdings Group stock opened at $2.74 on Monday. Wing Yip Food Holdings Group has a twelve month low of $1.56 and a twelve month high of $26.17. The business’s fifty day moving average price is $3.86 and its 200 day moving average price is $3.26.

Wing Yip Food Holdings Group Company Profile

Wing Yip Food Holdings Group Limited is a food manufacturing and distribution company focused on traditional Chinese food products. Through its operating subsidiaries, the company produces and sells Chinese-style sausages, cured meat and related prepared-food products.

The company’s products are marketed primarily to consumers and food-service customers seeking Chinese specialty foods. Its business includes the processing, packaging and distribution of its products through established sales channels in the markets it serves.

Publicly available information about Wing Yip Food Holdings Group’s corporate history, geographic reach and leadership is limited.