Short Interest in DDC Enterprise Limited (NYSEAMERICAN:DDC) Expands By 197.2%

DDC Enterprise Limited (NYSEAMERICAN:DDC) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 266,261 shares, a growth of 197.2% from the July 15th total of 89,592 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 167,227 shares, the short-interest ratio is currently 1.6 days.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On DDC Enterprise

A hedge fund recently bought a new position in DDC Enterprise stock. Anson Funds Management LP bought a new stake in DDC Enterprise Limited (NYSEAMERICAN:DDC) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 956,694 shares of the company’s stock, valued at approximately $1,894,000. Anson Funds Management LP owned 4.11% of DDC Enterprise at the end of the most recent reporting period. 0.22% of the stock is currently owned by hedge funds and other institutional investors.

DDC Enterprise Stock Up 17.6%

NYSEAMERICAN DDC traded up $0.10 on Thursday, hitting $0.70. 480,712 shares of the company were exchanged, compared to its average volume of 119,921. 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 stock’s fifty day moving average is $0.76. DDC Enterprise has a 12 month low of $0.39 and a 12 month high of $14.67.

DDC Enterprise Company Profile

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.