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

WANG & LEE GROUP, Inc. (NASDAQ:WLGS) was the recipient of a large increase in short interest in 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. Based on an average trading volume of 2,090,000 shares, the short-interest ratio is currently 0.4 days. Approximately 11.4% of the shares of the stock are sold short.

WANG & LEE GROUP Stock Performance

Shares of NASDAQ:WLGS traded up $0.00 during trading on Monday, reaching $0.22. 1,416,067 shares of the company traded hands, compared to its average volume of 762,773. WANG & LEE GROUP has a 52 week low of $0.21 and a 52 week high of $9.66. The company’s 50 day moving average is $3.90 and its two-hundred day moving average is $3.51.

Institutional Investors Weigh In On WANG & LEE GROUP

An institutional investor recently bought a new position in WANG & LEE GROUP stock. Ground Swell Capital LLC bought a new stake in WANG & LEE GROUP, Inc. (NASDAQ:WLGS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 17,906 shares of the company’s stock, valued at approximately $33,000. Ground Swell Capital LLC owned approximately 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.