HF Foods Group Inc. (NASDAQ:HFFG) Sees Significant Drop in Short Interest

HF Foods Group Inc. (NASDAQ:HFFG) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 374,200 shares, a drop of 5.0% from the October 15th total of 394,100 shares. Based on an average daily trading volume, of 40,000 shares, the days-to-cover ratio is currently 9.4 days. Approximately 1.0% of the company’s stock are short sold.

HF Foods Group Trading Down 1.5 %

HFFG opened at $3.37 on Tuesday. HF Foods Group has a fifty-two week low of $2.46 and a fifty-two week high of $5.91. The firm has a market capitalization of $177.73 million, a PE ratio of -112.33 and a beta of 1.47. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 0.45. The company’s 50-day moving average is $3.42 and its 200 day moving average is $3.29.

Institutional Trading of HF Foods Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its holdings in shares of HF Foods Group by 30.8% in the second 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 in the last quarter. Barclays PLC raised its position in HF Foods Group by 291.8% in the 3rd quarter. Barclays PLC now owns 56,685 shares of the company’s stock valued at $203,000 after buying an additional 42,217 shares during the last quarter. Vanguard Group Inc. raised its position 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 buying an additional 39,438 shares during the last quarter. Hillsdale Investment Management Inc. bought a new position in HF Foods Group during the 1st quarter valued at $86,000. Finally, SG Americas Securities LLC purchased a new position in HF Foods Group during the 3rd quarter worth $49,000. 24.02% of the stock is owned by institutional investors.

About HF Foods Group

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.