The Appeal of Yuhe International, Inc (NASDAQ:YUII) Receives a Big “No”
Posted on October 28, 2011 at 10:27 AM EDT
Yesterday, Yuhe International, Inc ( NASDAQ:YUII ) sank down 7% to $0.9 on a conspicuously higher volume than usual. At the end of the day 621 thousand shares had changed hands of which only 3000 took part in short transactions. The reason for the decline was most likely hidden in the 8-K form which was filed yesterday with the SEC. The official filing revealed that the Nasdaq Listing and Hearing Review Council had affirmed the August 9, 2011 decision to delist YUII securities from the Nasdaq Capital Market. The announcement had apparently poured a bucket of cool water over investors' sentiment towards YUII which produced the increased selling pressure yesterday. Apart from that the company 's stock has been left to the free forces of the market without any recent news to support the stock.
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