Short Interest in WANG & LEE GROUP, Inc. (NASDAQ:WLGS) Rises By 109.6%

WANG & LEE GROUP, Inc. (NASDAQ:WLGS) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 232,400 shares, a growth of 109.6% from the February 13th total of 110,900 shares. Based on an average daily volume of 464,800 shares, the short-interest ratio is currently 0.5 days. Approximately 4.3% of the shares of the stock are short sold.

WANG & LEE GROUP Stock Up 29.5 %

WLGS stock opened at $4.04 on Friday. The stock has a 50-day simple moving average of $5.32 and a two-hundred day simple moving average of $3.42. WANG & LEE GROUP has a twelve month low of $0.44 and a twelve month high of $9.66.

Hedge Funds Weigh In On WANG & LEE GROUP

A hedge fund recently bought a new stake in WANG & LEE GROUP stock. Ground Swell Capital LLC acquired a new position in shares of WANG & LEE GROUP, Inc. (NASDAQ:WLGS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,906 shares of the company’s stock, valued at approximately $33,000. Ground Swell Capital LLC owned approximately 0.10% of WANG & LEE GROUP at the end of the most recent quarter. Institutional investors own 0.33% of the company’s stock.

WANG & LEE GROUP Company Profile

Wang & Lee Group, Inc is a holding company, which engages in the installation of electrical and mechanical systems, it includes low voltage electrical systems, mechanical ventilation and air-conditioning systems, fire service systems, water supply and sewage disposal system installation and fitting out for the public and private sectors.