Want Want China Holdings Ltd. (OTCMKTS:WWNTY) Sees Large Growth in Short Interest

Want Want China Holdings Ltd. (OTCMKTS:WWNTY) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 67 shares, a growth of 116.1% from the May 14th total of 31 shares. Based on an average trading volume of 83 shares, the short-interest ratio is currently 0.8 days. Currently, 0.0% of the shares of the stock are short sold.

Want Want China Stock Performance

OTCMKTS WWNTY opened at $26.64 on Friday. The company has a quick ratio of 1.60, a current ratio of 1.93 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average price of $27.02 and a 200-day moving average price of $29.17. Want Want China has a twelve month low of $25.00 and a twelve month high of $38.05.

About Want Want China

Want Want China Holdings Limited, trading on the OTC market under the symbol WWNTY, is a leading food and beverage company best known for its popular rice crackers, snack foods and flavored beverages. The company’s core product lineup includes a variety of seasoned rice cracker snacks, milk drinks, soy milk beverages and other savory treats, all marketed under the Want Want brand as well as several sub-brands tailored to regional tastes. In addition to snacks and beverages, Want Want China also produces dairy-based desserts and operates packaging business units that support both in-house and third-party clients.

Originally founded in Taiwan in the 1960s by entrepreneur Tsai Eng-meng, Want Want expanded into mainland China in the early 1990s to tap into burgeoning consumer demand.