HF Foods Group Inc. (NASDAQ:HFFG) Short Interest Up 21.0% in March

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

HF Foods Group Price Performance

NASDAQ:HFFG traded down $0.03 during mid-day trading on Wednesday, reaching $4.47. 109,489 shares of the stock were exchanged, compared to its average volume of 72,222. The company has a current ratio of 1.18, a quick ratio of 0.45 and a debt-to-equity ratio of 0.43. The business has a fifty day moving average price of $2.70 and a 200 day moving average price of $3.16. HF Foods Group has a 1-year low of $1.70 and a 1-year high of $4.93. The firm has a market capitalization of $235.74 million, a PE ratio of -149.00 and a beta of 1.61.

HF Foods Group (NASDAQ:HFFG) last announced its quarterly earnings data on Thursday, March 13th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.02. HF Foods Group had a negative net margin of 0.16% and a positive return on equity of 6.96%. The company had revenue of $305.28 million for the quarter, compared to analysts’ expectations of $287.86 million. Research analysts expect that HF Foods Group will post 0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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