Full Truck Alliance Co. Ltd. (NYSE:YMM) Short Interest Update

Full Truck Alliance Co. Ltd. (NYSE:YMMGet Rating) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 26,450,000 shares, an increase of 30.2% from the March 15th total of 20,320,000 shares. Based on an average daily volume of 7,380,000 shares, the days-to-cover ratio is currently 3.6 days. Currently, 3.1% of the shares of the stock are sold short.

YMM traded down $0.27 on Monday, hitting $5.84. 224,413 shares of the company’s stock were exchanged, compared to its average volume of 7,297,564. Full Truck Alliance has a fifty-two week low of $4.12 and a fifty-two week high of $22.80. The firm has a 50-day moving average price of $7.65 and a 200-day moving average price of $10.34.

A number of institutional investors and hedge funds have recently made changes to their positions in YMM. Bank of America Corp DE acquired a new position in shares of Full Truck Alliance during the 2nd quarter valued at about $56,000. Flow Traders U.S. LLC acquired a new position in shares of Full Truck Alliance during the 4th quarter valued at about $110,000. Bayesian Capital Management LP acquired a new position in shares of Full Truck Alliance during the 4th quarter valued at about $115,000. Morgan Stanley acquired a new position in shares of Full Truck Alliance during the 2nd quarter valued at about $350,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Full Truck Alliance in the fourth quarter valued at about $154,000. 10.57% of the stock is currently owned by institutional investors.

Separately, Citigroup lowered their target price on shares of Full Truck Alliance from $16.50 to $15.00 in a research note on Wednesday, March 2nd.

About Full Truck Alliance (Get Rating)

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. It offers freight listing, matching, and brokerage services; and online transaction services, as well as various value-added services.

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