HWH International Inc. (NASDAQ:HWH – Get Free Report) saw a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 91,900 shares, an increase of 117.3% from the February 13th total of 42,300 shares. Based on an average daily trading volume, of 1,450,000 shares, the short-interest ratio is currently 0.1 days. Approximately 1.3% of the shares of the stock are short sold.
Insider Activity at HWH International
In other news, Director Heng Fai Ambrose Chan purchased 260,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The stock was bought at an average cost of $2.25 per share, with a total value of $585,000.00. Following the completion of the purchase, the director now owns 2,537,590 shares in the company, valued at approximately $5,709,577.50. This represents a 11.42 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 77.30% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On HWH International
A hedge fund recently raised its stake in HWH International stock. Geode Capital Management LLC grew its stake in HWH International Inc. (NASDAQ:HWH – Free Report) by 303.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,957 shares of the company’s stock after purchasing an additional 40,583 shares during the period. Geode Capital Management LLC owned approximately 0.17% of HWH International worth $34,000 at the end of the most recent reporting period. Institutional investors own 25.66% of the company’s stock.
HWH International Stock Up 3.2 %
About HWH International
HWH International Inc operates a marketplace to provide products and services for health, wealth, and happiness. The company operates through HWH Marketplace, Hapi Cafés, Hapi Travel, and Hapi Wealth Builder segments. The HWH Marketplace segment provides products manufactured by its affiliate companies at a discounted price to its members.
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