Yueda Digital Holding (NASDAQ:YDKG) Sees Large Decrease in Short Interest

Yueda Digital Holding (NASDAQ:YDKG) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 94,768 shares, a drop of 44.7% from the July 15th total of 171,518 shares. Based on an average trading volume of 30,628 shares, the short-interest ratio is currently 3.1 days. Currently, 1.8% of the shares of the company are sold short.

Yueda Digital Stock Performance

YDKG stock opened at $1.07 on Monday. Yueda Digital has a 1 year low of $0.73 and a 1 year high of $669.00. The stock’s fifty day moving average is $0.95 and its two-hundred day moving average is $0.91.

Institutional Trading of Yueda Digital

A hedge fund recently bought a new stake in Yueda Digital stock. Virtu Financial LLC bought a new stake in shares of Yueda Digital Holding (NASDAQ:YDKG) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 12,619 shares of the company’s stock, valued at approximately $44,000. Hedge funds and other institutional investors own 1.02% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Yueda Digital from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, June 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Yueda Digital has an average rating of “Sell”.

About Yueda Digital

AirMedia Group Inc operates out-of-home advertising platforms primarily in the People’s Republic of China. The company operates a network of digital TV screens on planes operated by five airlines; and gas station media network, as well as other outdoor media advertising platforms in gas stations. It also displays non-advertising content, such as weather, sports, and comedy clips; and television programs, including documentaries and hidden camera type reality shows from other third-party content providers.