Short Interest in YY Group Holding Limited (NASDAQ:YYGH) Increases By 589.3%

YY Group Holding Limited (NASDAQ:YYGH) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 735,286 shares, an increase of 589.3% from the June 30th total of 106,677 shares. Approximately 1,470.6% of the company’s stock are sold short. Based on an average daily trading volume, of 2,657,341 shares, the days-to-cover ratio is currently 0.3 days.

Insider Buying and Selling

In other YY Group news, major shareholder Financial Lp Hrt purchased 2,176,347 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was acquired at an average price of $0.08 per share, for a total transaction of $174,107.76. Following the completion of the purchase, the insider directly owned 4,953,317 shares in the company, valued at approximately $396,265.36. The trade was a 78.37% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have purchased 2,259,450 shares of company stock valued at $517,582.

Institutional Investors Weigh In On YY Group

An institutional investor recently bought a new stake in YY Group stock. Jane Street Group LLC bought a new position in shares of YY Group Holding Limited (NASDAQ:YYGH) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,089 shares of the company’s stock, valued at approximately $27,000.

YY Group Stock Down 8.6%

YY Group stock traded down $0.11 during trading on Friday, reaching $1.17. The stock had a trading volume of 385,266 shares, compared to its average volume of 1,573,422. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.13. YY Group has a 52-week low of $1.02 and a 52-week high of $5,175.00. The business has a 50 day moving average price of $4.63 and a 200 day moving average price of $113.54.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Weiss Ratings raised YY Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. Wall Street Zen upgraded YY Group to a “sell” rating in a report on Saturday, June 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

YY Group Company Profile

YY Group Holding Limited, a data and technology driven company, provides manpower outsourcing and cleaning services in Singapore and Malaysia. Its cleaning services include commercial cleaning for offices and schools; hospitality cleaning for hotels and shopping centers; industrial cleaning, facade cleaning, disinfection, and stewarding services for meetings, incentives, conferences, and exhibitions, as well as banquets; and pest control services. The company also offers cleaning robots and machines to enhance cleaning performance by deploying them at designated premises.