Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) Short Interest Up 98.3% in May

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 2,584 shares, an increase of 98.3% from the April 30th total of 1,303 shares. Based on an average trading volume of 3,048 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.0% of the company’s stock are sold short.

Yue Yuen Industrial Stock Up 3.7%

Shares of YUEIY stock opened at $10.09 on Tuesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 2.12. The business has a 50 day moving average of $9.74 and a two-hundred day moving average of $10.56. Yue Yuen Industrial has a 52 week low of $6.80 and a 52 week high of $12.61.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group lowered Yue Yuen Industrial from a “moderate sell” rating to a “strong sell” rating in a research report on Monday, March 16th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

About Yue Yuen Industrial

Yue Yuen Industrial (OTCMKTS: YUEIY) is one of the world’s leading footwear manufacturers, specializing in the design, development, production and distribution of athletic, casual and performance footwear. As an original design manufacturer (ODM) and original equipment manufacturer (OEM), the company partners with many of the globe’s most recognizable sportswear brands, providing end-to-end solutions that range from material sourcing and prototype development to mass production and quality assurance.

The company’s product portfolio encompasses a broad spectrum of footwear categories, including running shoes, basketball sneakers, outdoor footwear and lifestyle models.