DDC Enterprise Limited (NYSEAMERICAN:DDC) Sees Significant Decline in Short Interest

DDC Enterprise Limited (NYSEAMERICAN:DDC) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 89,592 shares, a decline of 45.1% from the June 30th total of 163,316 shares. Based on an average daily volume of 141,859 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in DDC Enterprise stock. Anson Funds Management LP purchased a new position in DDC Enterprise Limited (NYSEAMERICAN:DDC) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 956,694 shares of the company’s stock, valued at approximately $1,894,000. Anson Funds Management LP owned approximately 4.11% of DDC Enterprise at the end of the most recent quarter. 0.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Benchmark started coverage on DDC Enterprise in a research note on Monday, April 27th. They set a “buy” rating and a $3.00 price target for the company. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $3.00.

DDC Enterprise Price Performance

DDC Enterprise stock traded down $0.01 during mid-day trading on Wednesday, reaching $0.46. 149,841 shares of the company’s stock traded hands, compared to its average volume of 92,934. DDC Enterprise has a 12-month low of $0.43 and a 12-month high of $15.19. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.49. The firm’s 50 day moving average price is $0.92.

About DDC Enterprise

DDC Enterprise Ltd is a content driven consumer brand offering easy, convenient ready-to-heat, ready-to-cook, and plant-based meal products i.e. meal products consisting largely or solely of vegetables, fruits, grains, and other foods derived from plant-based protein, rather than animal protein) while promoting healthier lifestyle choices to the Millennial and Generation Z customer-base. The company’s operates in two operating segments: merchandise sales and fresh agriculture produce. It is also engaged in the provision of advertising services and the operation of experience stores to offer cooking classes.