WANG & LEE GROUP, Inc. (NASDAQ:WLGS) Sees Large Decline in Short Interest

WANG & LEE GROUP, Inc. (NASDAQ:WLGS) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 97,800 shares, a decline of 57.9% from the February 28th total of 232,400 shares. Based on an average daily trading volume, of 1,170,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 1.8% of the shares of the stock are sold short.

WANG & LEE GROUP Trading Down 25.6 %

Shares of WLGS opened at $0.32 on Thursday. WANG & LEE GROUP has a 52 week low of $0.32 and a 52 week high of $9.66. The stock has a fifty day moving average of $5.59 and a 200-day moving average of $3.61.

Hedge Funds Weigh In On WANG & LEE GROUP

A hedge fund recently bought a new stake in WANG & LEE GROUP stock. XTX Topco Ltd purchased a new stake in WANG & LEE GROUP, Inc. (NASDAQ:WLGS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,247 shares of the company’s stock, valued at approximately $36,000. XTX Topco Ltd owned 0.11% of WANG & LEE GROUP at the end of the most recent quarter. 0.33% of the stock is currently owned by institutional investors and hedge funds.

About WANG & LEE GROUP

Wang & Lee Group, Inc is a holding company, which engages in the installation of electrical and mechanical systems, it includes low voltage electrical systems, mechanical ventilation and air-conditioning systems, fire service systems, water supply and sewage disposal system installation and fitting out for the public and private sectors.