Hywin Holdings Ltd. (NASDAQ:HYW – Get Rating) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 8,100 shares, a drop of 19.8% from the March 31st total of 10,100 shares. Based on an average daily volume of 44,400 shares, the short-interest ratio is currently 0.2 days.
Shares of Hywin stock traded up $0.08 during trading hours on Tuesday, reaching $7.18. 40,160 shares of the stock traded hands, compared to its average volume of 37,227. Hywin has a one year low of $5.15 and a one year high of $8.25. The business’s 50 day moving average is $7.02.
A hedge fund recently bought a new stake in Hywin stock. Renaissance Technologies LLC bought a new position in Hywin Holdings Ltd. (NASDAQ:HYW – Get Rating) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 11,100 shares of the company’s stock, valued at approximately $62,000.
Hywin Holdings Ltd., through its subsidiaries, provides wealth management, insurance brokerage, and asset management service in China. It distributes private market investment products comprising asset-backed products, such as real estate securitization products, and equity investments in real estate projects or private project companies; venture capital, private equity, and hedge funds; and supply chain financing products, cash management products, and funds managed by its subsidiaries.
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