Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) Short Interest Down 39.1% in April

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 1,303 shares, a drop of 39.1% from the April 15th total of 2,138 shares. Based on an average trading volume of 6,076 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group downgraded shares of Yue Yuen Industrial from a “moderate sell” rating to a “strong sell” rating in a report on Monday, March 16th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Yue Yuen Industrial Price Performance

Shares of OTCMKTS YUEIY opened at $9.58 on Monday. The business has a fifty day moving average price of $10.10 and a two-hundred day moving average price of $10.55. The company has a quick ratio of 1.37, a current ratio of 2.12 and a debt-to-equity ratio of 0.08. Yue Yuen Industrial has a fifty-two week low of $6.80 and a fifty-two week high of $12.61.

About Yue Yuen Industrial

Yue Yuen Industrial (OTCMKTS: YUEIY) is one of the world’s leading footwear manufacturers, specializing in the design, development, production and distribution of athletic, casual and performance footwear. As an original design manufacturer (ODM) and original equipment manufacturer (OEM), the company partners with many of the globe’s most recognizable sportswear brands, providing end-to-end solutions that range from material sourcing and prototype development to mass production and quality assurance.

The company’s product portfolio encompasses a broad spectrum of footwear categories, including running shoes, basketball sneakers, outdoor footwear and lifestyle models.