DDC Enterprise Limited (NYSEAMERICAN:DDC) Shares Shorted: Short Interest Down 76.1% in September

DDC Enterprise Limited (NYSEAMERICAN:DDC) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 150,459 shares, a drop of 76.1% from the September 15th total of 629,496 shares. Based on an average daily volume of 11,374,712 shares, the short-interest ratio is currently 0.0 days. Approximately 0.3% of the shares of the stock are sold short.

DDC Enterprise Stock Up 6.5%

Shares of NYSEAMERICAN DDC opened at $0.20 on Friday. DDC Enterprise has a 12-month low of $0.18 and a 12-month high of $9.66. The company has a current ratio of 1.83, a quick ratio of 1.80 and a debt-to-equity ratio of 0.11. The firm has a 50-day simple moving average of $0.36.

DDC Enterprise (NYSEAMERICAN:DDC) last posted its quarterly earnings data on Thursday, September 3rd. The company reported ($0.58) EPS for the quarter. The company had revenue of $10.06 million during the quarter.

Hedge Funds Weigh In On DDC Enterprise

An institutional investor recently bought a new position in DDC Enterprise stock. Anson Funds Management LP purchased a new stake in DDC Enterprise Limited (NYSEAMERICAN:DDC) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 956,694 shares of the company’s stock, valued at approximately $1,894,000. Anson Funds Management LP owned about 4.11% of DDC Enterprise as of its most recent filing with the Securities and Exchange Commission (SEC). 0.22% of the stock is owned by institutional investors.

DDC Enterprise Company Profile

DDC Enterprise Limited is a consumer food company focused on building and operating brands centered on Asian-inspired foods and flavors. The company serves consumers primarily through direct-to-consumer e-commerce and retail distribution channels.

Its brand portfolio includes products such as sauces, curry pastes, marinades, noodles, broths and other convenient food products. The company has been associated with brands including Yai’s Thai and Nona Lim, which offer Thai-inspired cooking products and Asian-style noodles, broths and sauces.

DDC Enterprise targets consumers in North America, with an emphasis on making Asian food products more accessible for home cooking.