Short Interest in Hf Foods Group Inc. (NASDAQ:HFFG) Grows By 28.1%

Hf Foods Group Inc. (NASDAQ:HFFG) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 831,709 shares, a growth of 28.1% from the December 15th total of 649,175 shares. Currently, 1.7% of the company’s shares are sold short. Based on an average trading volume of 111,089 shares, the days-to-cover ratio is currently 7.5 days. Based on an average trading volume of 111,089 shares, the days-to-cover ratio is currently 7.5 days. Currently, 1.7% of the company’s shares are sold short.

Analyst Ratings Changes

Several analysts have recently weighed in on HFFG shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hf Foods Group in a research report on Monday, December 29th. Wall Street Zen cut shares of Hf Foods Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $7.00.

Hf Foods Group Stock Down 1.8%

Shares of NASDAQ HFFG traded down $0.04 during midday trading on Friday, reaching $2.13. 112,600 shares of the company’s stock traded hands, compared to its average volume of 114,433. The stock’s 50 day simple moving average is $2.35 and its 200-day simple moving average is $2.74. The company has a quick ratio of 0.42, a current ratio of 1.19 and a debt-to-equity ratio of 0.53. The company has a market cap of $112.98 million, a price-to-earnings ratio of -2.48, a P/E/G ratio of 0.32 and a beta of 0.42. Hf Foods Group has a one year low of $1.70 and a one year high of $4.93.

Hf Foods Group (NASDAQ:HFFG) last announced its earnings results on Monday, November 10th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.04). The company had revenue of $306.98 million for the quarter, compared to the consensus estimate of $303.41 million. Hf Foods Group had a negative net margin of 3.71% and a positive return on equity of 8.01%. On average, analysts predict that Hf Foods Group will post 0.22 EPS for the current fiscal year.

Institutional Trading of Hf Foods Group

Hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of Hf Foods Group by 11.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 54,436 shares of the company’s stock valued at $150,000 after buying an additional 5,640 shares in the last quarter. Bank of America Corp DE lifted its position in Hf Foods Group by 55.4% during the third quarter. Bank of America Corp DE now owns 33,357 shares of the company’s stock valued at $92,000 after acquiring an additional 11,886 shares during the last quarter. Zacks Investment Management boosted its stake in Hf Foods Group by 158.7% in the third quarter. Zacks Investment Management now owns 43,767 shares of the company’s stock valued at $121,000 after acquiring an additional 26,850 shares in the last quarter. Virtu Financial LLC purchased a new position in Hf Foods Group in the third quarter worth $39,000. Finally, Bridgeway Capital Management LLC increased its position in shares of Hf Foods Group by 6.0% during the third quarter. Bridgeway Capital Management LLC now owns 112,155 shares of the company’s stock worth $310,000 after purchasing an additional 6,337 shares in the last quarter. 24.02% of the stock is owned by hedge funds and other institutional investors.

About Hf Foods Group

HF Foods Group, Inc, together with its subsidiaries, manufactures, imports and distributes a variety of ethnic and specialty food products primarily for retail and foodservice customers in the United States. The company focuses on value‐added fresh and frozen offerings that cater to growing consumer interest in Hispanic and other global cuisines. Its vertically integrated operations include in‐house manufacturing, procurement of specialty ingredients, and third‐party distribution partnerships.

The company’s product portfolio spans a broad range of categories, including fresh and frozen tamales, enchiladas, empanadas, tortillas and quesadillas, as well as shelf‐stable salsas, sauces, dips, spreads and snack items.