HF Foods Group Inc. (NASDAQ:HFFG) Sees Large Decline in Short Interest

HF Foods Group Inc. (NASDAQ:HFFG) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 277,400 shares, a drop of 5.3% from the December 31st total of 292,900 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 43,300 shares, the short-interest ratio is currently 6.4 days.

Institutional Investors Weigh In On HF Foods Group

Several hedge funds have recently made changes to their positions in HFFG. Dimensional Fund Advisors LP raised its position in HF Foods Group by 30.8% in the second quarter. Dimensional Fund Advisors LP now owns 238,069 shares of the company’s stock worth $715,000 after purchasing an additional 56,014 shares in the last quarter. Barclays PLC increased its holdings in shares of HF Foods Group by 291.8% in the third quarter. Barclays PLC now owns 56,685 shares of the company’s stock valued at $203,000 after purchasing an additional 42,217 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of HF Foods Group by 110.8% in the third quarter. JPMorgan Chase & Co. now owns 75,185 shares of the company’s stock valued at $268,000 after purchasing an additional 39,517 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of HF Foods Group in the third quarter valued at approximately $49,000. Finally, Renaissance Technologies LLC boosted its stake in HF Foods Group by 7.7% in the second quarter. Renaissance Technologies LLC now owns 70,300 shares of the company’s stock valued at $211,000 after acquiring an additional 5,000 shares during the last quarter. Institutional investors own 24.02% of the company’s stock.

HF Foods Group Stock Up 0.8 %

NASDAQ HFFG opened at $2.68 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.45 and a current ratio of 1.18. The firm has a 50-day simple moving average of $3.26 and a 200 day simple moving average of $3.33. HF Foods Group has a twelve month low of $2.46 and a twelve month high of $4.81. The stock has a market cap of $141.32 million, a PE ratio of -89.33 and a beta of 1.48.

HF Foods Group Company Profile

HF Foods Group Inc, through its subsidiaries, markets and distributes Asian specialty food, seafood, fresh produce, frozen and dry food, and non-food products to Asian and Chinese restaurants, and other foodservice customers in the United States. The company offers seafood, including lobsters, shrimp, crabs, scallops, and fish; Asian specialty food items, including noodles, rice, dried mushrooms and beans, sauces and seasonings, and spring rolls, as well as canned products, such as preserved vegetables, bamboo shoots, and water chestnuts; and meat and poultry products, including beef, pork, chicken, and duck.