Short Interest in WANG & LEE GROUP, Inc. (NASDAQ:WLGS) Increases By 658.9%

WANG & LEE GROUP, Inc. (NASDAQ:WLGS) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 742,200 shares, an increase of 658.9% from the March 15th total of 97,800 shares. Approximately 11.4% of the shares of the company are sold short. Based on an average daily trading volume, of 2,090,000 shares, the short-interest ratio is presently 0.4 days.

WANG & LEE GROUP Price Performance

NASDAQ WLGS opened at $0.21 on Wednesday. WANG & LEE GROUP has a 1-year low of $0.20 and a 1-year high of $9.66. The business’s fifty day moving average price is $3.59 and its 200-day moving average price is $3.48.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in WANG & LEE GROUP stock. Ground Swell Capital LLC acquired a new position in WANG & LEE GROUP, Inc. (NASDAQ:WLGS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 17,906 shares of the company’s stock, valued at approximately $33,000. Ground Swell Capital LLC owned about 0.10% of WANG & LEE GROUP at the end of the most recent quarter. Hedge funds and other institutional investors own 0.33% of the company’s stock.

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.