WANG & LEE GROUP, Inc. (NASDAQ:WLGS) Short Interest Up 109.6% in February

WANG & LEE GROUP, Inc. (NASDAQ:WLGS) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 232,400 shares, a growth of 109.6% from the February 13th total of 110,900 shares. Approximately 4.3% of the shares of the stock are sold short. Based on an average trading volume of 464,800 shares, the days-to-cover ratio is presently 0.5 days.

WANG & LEE GROUP Stock Performance

Shares of WLGS opened at $4.08 on Friday. WANG & LEE GROUP has a fifty-two week low of $0.44 and a fifty-two week high of $9.66. The company’s fifty day moving average is $5.36 and its 200 day moving average is $3.44.

Hedge Funds Weigh In On WANG & LEE GROUP

An institutional investor recently bought a new position in WANG & LEE GROUP stock. Ground Swell Capital LLC acquired a new position in shares of WANG & LEE GROUP, Inc. (NASDAQ:WLGS) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 17,906 shares of the company’s stock, valued at approximately $33,000. Ground Swell Capital LLC owned 0.10% of WANG & LEE GROUP as of its most recent SEC filing. Hedge funds and other institutional investors own 0.33% of the company’s stock.

WANG & LEE GROUP Company Profile

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.