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

HF Foods Group Inc. (NASDAQ:HFFG) saw a significant growth in short interest during the month of 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. Based on an average daily trading volume, of 112,100 shares, the days-to-cover ratio is presently 3.4 days. Approximately 1.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HFFG. State Street Corp raised its stake in shares of HF Foods Group by 0.4% during the third quarter. State Street Corp now owns 762,836 shares of the company’s stock valued at $2,723,000 after purchasing an additional 3,155 shares in the last quarter. Barclays PLC raised its position in shares of HF Foods Group by 291.8% during the 3rd quarter. Barclays PLC now owns 56,685 shares of the company’s stock worth $203,000 after buying an additional 42,217 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of HF Foods Group by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 922,061 shares of the company’s stock worth $3,292,000 after acquiring an additional 3,815 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of HF Foods Group by 110.8% in the third quarter. JPMorgan Chase & Co. now owns 75,185 shares of the company’s stock valued at $268,000 after acquiring an additional 39,517 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of HF Foods Group by 41.4% in the fourth quarter. SG Americas Securities LLC now owns 19,418 shares of the company’s stock valued at $62,000 after acquiring an additional 5,686 shares in the last quarter. Institutional investors and hedge funds own 24.02% of the company’s stock.

HF Foods Group Stock Performance

Shares of HFFG traded down $0.03 during midday trading on Wednesday, hitting $4.47. 109,489 shares of the stock traded hands, compared to its average volume of 72,222. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.45 and a current ratio of 1.18. HF Foods Group has a 1-year low of $1.70 and a 1-year high of $4.93. The business’s 50 day moving average price is $2.70 and its two-hundred day moving average price is $3.16. 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 posted its earnings results on Thursday, March 13th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. The firm had revenue of $305.28 million during the quarter, compared to analysts’ expectations of $287.86 million. HF Foods Group had a negative net margin of 0.16% and a positive return on equity of 6.96%. Equities research analysts predict that HF Foods Group will post 0.22 EPS for the current fiscal year.

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.