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

HF Foods Group Inc. (NASDAQ:HFFG) saw a large growth in short interest in August. As of August 31st, there was short interest totalling 397,500 shares, a growth of 6.7% from the August 15th total of 372,700 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average trading volume of 52,500 shares, the short-interest ratio is presently 7.6 days.

Hedge Funds Weigh In On HF Foods Group

Several hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in HF Foods Group by 30.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 238,069 shares of the company’s stock valued at $715,000 after purchasing an additional 56,014 shares during the last quarter. Vanguard Group Inc. lifted its stake in HF Foods Group by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 1,859,613 shares of the company’s stock valued at $6,509,000 after purchasing an additional 39,438 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in HF Foods Group in the 1st quarter valued at about $86,000. Privium Fund Management UK Ltd acquired a new stake in HF Foods Group in the 1st quarter valued at about $46,000. Finally, Bank of New York Mellon Corp lifted its stake in HF Foods Group by 10.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 119,683 shares of the company’s stock valued at $359,000 after purchasing an additional 11,372 shares during the last quarter. Institutional investors own 24.02% of the company’s stock.

HF Foods Group Stock Down 1.7 %

Shares of NASDAQ HFFG traded down $0.06 during mid-day trading on Wednesday, hitting $3.42. The company had a trading volume of 39,126 shares, compared to its average volume of 53,623. The company has a market capitalization of $179.93 million, a PE ratio of 68.40 and a beta of 1.47. The firm has a 50-day simple moving average of $3.29 and a two-hundred day simple moving average of $3.25. The company has a current ratio of 1.18, a quick ratio of 0.45 and a debt-to-equity ratio of 0.43. HF Foods Group has a one year low of $2.46 and a one year high of $5.91.

HF Foods Group (NASDAQ:HFFG) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.04 earnings per share for the quarter. The company had revenue of $302.34 million during the quarter. HF Foods Group had a return on equity of 7.89% and a net margin of 0.34%. On average, equities analysts expect that HF Foods Group will post 0.37 EPS for the current year.

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.