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

HF Foods Group Inc. (NASDAQ:HFFG) was the target of a significant decline in short interest in the month of August. As of August 15th, there was short interest totalling 372,700 shares, a decline of 8.8% from the July 31st total of 408,600 shares. Based on an average daily volume of 61,900 shares, the short-interest ratio is currently 6.0 days. Approximately 1.0% of the company’s shares are sold short.

HF Foods Group Trading Up 3.2 %

HF Foods Group stock traded up $0.11 during trading on Monday, reaching $3.55. The company had a trading volume of 12,700 shares, compared to its average volume of 55,252. 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 market capitalization of $187.19 million, a price-to-earnings ratio of 71.00 and a beta of 1.49. The stock’s 50 day moving average price is $3.21 and its two-hundred day moving average price is $3.30. HF Foods Group has a 12-month low of $2.46 and a 12-month high of $5.91.

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

Institutional Trading of HF Foods Group

Several hedge funds have recently made changes to their positions in HFFG. Privium Fund Management UK Ltd bought a new position in HF Foods Group in the 1st quarter valued at about $46,000. BNP Paribas Financial Markets grew its position in HF Foods Group by 63.0% during the first quarter. BNP Paribas Financial Markets now owns 19,344 shares of the company’s stock valued at $68,000 after purchasing an additional 7,477 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of HF Foods Group during the 1st quarter valued at about $86,000. Perritt Capital Management Inc boosted its holdings in HF Foods Group by 40.0% in the second quarter. Perritt Capital Management Inc now owns 35,000 shares of the company’s stock worth $105,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in HF Foods Group by 7.7% in the 2nd quarter. Renaissance Technologies LLC now owns 70,300 shares of the company’s stock worth $211,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors own 24.02% of the company’s stock.

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.