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

HF Foods Group Inc. (NASDAQ:HFFG) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 386,600 shares, an increase of 21.0% from the February 28th total of 319,500 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average daily volume of 112,100 shares, the short-interest ratio is presently 3.4 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. ProShare Advisors LLC acquired a new stake in HF Foods Group during the 4th quarter valued at $36,000. XTX Topco Ltd purchased a new position in shares of HF Foods Group during the 4th quarter worth $38,000. Prudential Financial Inc. purchased a new stake in HF Foods Group in the fourth quarter valued at approximately $42,000. Intech Investment Management LLC acquired a new stake in shares of HF Foods Group during the 4th quarter worth $42,000. Finally, SG Americas Securities LLC boosted its holdings in HF Foods Group by 41.4% in the fourth quarter. SG Americas Securities LLC now owns 19,418 shares of the company’s stock valued at $62,000 after acquiring an additional 5,686 shares during the last quarter. 24.02% of the stock is owned by hedge funds and other institutional investors.

HF Foods Group Stock Performance

NASDAQ HFFG opened at $4.00 on Thursday. The stock has a market capitalization of $210.69 million, a price-to-earnings ratio of -133.87 and a beta of 1.61. The business’s 50 day moving average is $2.74 and its two-hundred day moving average is $3.17. HF Foods Group has a 12-month low of $1.70 and a 12-month high of $4.93. 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 (NASDAQ:HFFG) last posted its quarterly earnings results on Thursday, March 13th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The company had revenue of $305.28 million during the quarter, compared to the consensus estimate of $287.86 million. HF Foods Group had a negative net margin of 0.16% and a positive return on equity of 6.96%. Research analysts expect that HF Foods Group will post 0.22 EPS for the current year.

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.