HF Foods Group Inc. (NASDAQ:HFFG – Get Rating) was the recipient of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 517,300 shares, a decline of 5.5% from the February 13th total of 547,200 shares. Based on an average daily volume of 53,500 shares, the short-interest ratio is currently 9.7 days. Currently, 1.0% of the shares of the company are sold short.
HF Foods Group Stock Up 3.0 %
NASDAQ HFFG opened at $3.83 on Friday. The company has a market capitalization of $205.71 million, a P/E ratio of 14.72 and a beta of 1.58. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 0.43. The company’s 50 day simple moving average is $4.23 and its 200 day simple moving average is $4.27. HF Foods Group has a 12 month low of $3.55 and a 12 month high of $6.99.
Institutional Trading of HF Foods Group
Several large investors have recently modified their holdings of HFFG. Morgan Stanley grew its holdings in HF Foods Group by 368.2% during the 4th quarter. Morgan Stanley now owns 199,402 shares of the company’s stock worth $810,000 after acquiring an additional 156,810 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in HF Foods Group by 50.6% during the third quarter. Dimensional Fund Advisors LP now owns 120,107 shares of the company’s stock worth $465,000 after buying an additional 40,341 shares during the last quarter. Bank of America Corp DE boosted its position in shares of HF Foods Group by 90.9% in the fourth quarter. Bank of America Corp DE now owns 58,432 shares of the company’s stock valued at $237,000 after acquiring an additional 27,818 shares during the period. Millennium Management LLC lifted its position in HF Foods Group by 110.2% during the second quarter. Millennium Management LLC now owns 47,328 shares of the company’s stock worth $247,000 after purchasing an additional 24,811 shares during the period. Finally, MetLife Investment Management LLC acquired a new position in HF Foods Group during the fourth quarter worth about $79,000. 14.11% of the stock is owned by institutional investors.
About HF Foods Group
HF Foods Group, Inc engages in the marketing and distribution of fresh produce, frozen and dry food, and non-food products to Asian and Chinese restaurants and other foodservice customers. The company was founded in 1997 and is headquartered in Las Vegas, NV.
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