WF Holding Limited (NASDAQ:WFF) Shares Shorted: Short Interest Down 75.8% in October

WF Holding Limited (NASDAQ:WFF) saw a significant drop in short interest in October. As of October 30th, there was short interest totaling 288,584 shares, a drop of 75.8% from the October 15th total of 1,192,457 shares. Based on an average daily trading volume, of 5,607,853 shares, the days-to-cover ratio is currently 0.1 days. Approximately 206.1% of the shares of the company are sold short.

WF Stock Performance

WF stock opened at $1.12 on Thursday. WF has a 12-month low of $1.00 and a 12-month high of $1,265.00. The company has a current ratio of 4.99, a quick ratio of 4.74 and a debt-to-equity ratio of 0.02. The business’s 50-day moving average price is $44.25 and its two-hundred day moving average price is $49.30.

WF (NASDAQ:WFF) last issued its earnings results on Friday, October 2nd. The company reported ($142.50) EPS for the quarter. The business had revenue of $1.53 million during the quarter.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WFF. Wall Street Zen lowered WF from a “hold” rating to a “sell” rating in a report on Saturday, October 17th. Weiss Ratings cut WF from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, October 23rd. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, WF has an average rating of “Sell”.

About WF

W.F Holding Ltd. engages in the manufacture of fiberglass reinforced plastic and FRP products. It sells a range of FRP products, including filament wound and molded tanks, thermoplastic tanks, lining products, ducting and fitting products, air pollution control equipment, and custom-made products. The firm also offer delivery, installation and repair, maintenance services, and on-site consultation services. The company was founded on March 7, 2023 and is headquartered in Shah Alam, Malaysia.