Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) Short Interest Down 94.8% in June

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 1,143 shares, a decrease of 94.8% from the June 15th total of 21,807 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 5,737 shares, the days-to-cover ratio is presently 0.2 days.

Yue Yuen Industrial Price Performance

YUEIY stock traded up $0.43 on Friday, reaching $8.62. 390 shares of the company’s stock were exchanged, compared to its average volume of 4,888. The stock has a fifty day moving average of $8.96 and a 200-day moving average of $10.16. The company has a current ratio of 2.12, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. Yue Yuen Industrial has a twelve month low of $7.34 and a twelve month high of $12.61.

Analysts Set New Price Targets

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

Yue Yuen Industrial Company Profile

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.