Jupai Holdings Limited (NYSE:JP – Get Rating) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 56,300 shares, an increase of 402.7% from the March 15th total of 11,200 shares. Based on an average daily trading volume, of 86,400 shares, the short-interest ratio is presently 0.7 days.
Several hedge funds have recently modified their holdings of the company. Citadel Advisors LLC bought a new position in Jupai in the 3rd quarter worth $44,000. Envestnet Asset Management Inc. bought a new position in Jupai in the 4th quarter worth $35,000. Finally, Two Sigma Securities LLC bought a new position in Jupai in the 3rd quarter worth $28,000. 12.30% of the stock is owned by hedge funds and other institutional investors.
Shares of JP opened at $0.65 on Friday. Jupai has a 1-year low of $0.42 and a 1-year high of $2.21. The firm has a fifty day simple moving average of $0.67 and a two-hundred day simple moving average of $0.90. The firm has a market cap of $21.92 million, a PE ratio of -0.51 and a beta of 1.58.
Jupai Holdings Limited, together with its subsidiaries, provides wealth management products and advisory services to high-net-worth individuals in China. It offers services for fixed income products, private equity and venture capital funds, and public market products, as well as other products, including overseas insurance products and foreign-currency denominated alternative investments.
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