HF Foods Group Inc. (NASDAQ:HFFG) Short Interest Up 8.5% in May

HF Foods Group Inc. (NASDAQ:HFFG) was the target of a significant increase in short interest in May. As of May 31st, there was short interest totalling 403,500 shares, an increase of 8.5% from the May 15th total of 371,800 shares. Based on an average trading volume of 55,500 shares, the short-interest ratio is presently 7.3 days. Currently, 1.1% of the shares of the company are sold short.

Institutional Investors Weigh In On HF Foods Group

Several institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. lifted its stake in shares of HF Foods Group by 34.8% in the fourth quarter. Russell Investments Group Ltd. now owns 218,794 shares of the company’s stock valued at $1,168,000 after purchasing an additional 56,446 shares during the period. SG Americas Securities LLC increased its holdings in HF Foods Group by 16.1% in the fourth quarter. SG Americas Securities LLC now owns 22,031 shares of the company’s stock valued at $118,000 after buying an additional 3,055 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of HF Foods Group by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 1,859,613 shares of the company’s stock valued at $6,509,000 after acquiring an additional 39,438 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of HF Foods Group by 63.0% during the 1st quarter. BNP Paribas Financial Markets now owns 19,344 shares of the company’s stock worth $68,000 after acquiring an additional 7,477 shares in the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new stake in shares of HF Foods Group in the 1st quarter worth approximately $86,000. 24.02% of the stock is currently owned by hedge funds and other institutional investors.

HF Foods Group Price Performance

Shares of HFFG opened at $3.25 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.42. The stock’s 50 day moving average is $3.16 and its two-hundred day moving average is $4.02. HF Foods Group has a twelve month low of $2.76 and a twelve month high of $5.91. The firm has a market capitalization of $170.98 million, a PE ratio of 65.00 and a beta of 1.95.

HF Foods Group (NASDAQ:HFFG) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.05 EPS for the quarter. HF Foods Group had a return on equity of 7.62% and a net margin of 0.27%. The business had revenue of $295.65 million during the quarter.

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.