Yalla Group Limited (NYSE:YALA) Short Interest Update

Yalla Group Limited (NYSE:YALAGet Rating) saw a large decline in short interest in April. As of April 30th, there was short interest totalling 2,100,000 shares, a decline of 23.4% from the April 15th total of 2,740,000 shares. Based on an average daily trading volume, of 599,000 shares, the short-interest ratio is presently 3.5 days.

Shares of Yalla Group stock traded down $0.04 on Monday, reaching $3.49. 211,545 shares of the company were exchanged, compared to its average volume of 592,831. The firm has a market capitalization of $502.32 million, a price-to-earnings ratio of 7.67 and a beta of 1.41. Yalla Group has a fifty-two week low of $3.10 and a fifty-two week high of $21.00. The stock has a fifty day moving average price of $4.35 and a 200-day moving average price of $5.85.

Yalla Group (NYSE:YALAGet Rating) last posted its earnings results on Monday, March 14th. The company reported $0.11 EPS for the quarter. The company had revenue of $67.56 million during the quarter. Yalla Group had a net margin of 30.24% and a return on equity of 27.41%.

Several hedge funds and other institutional investors have recently modified their holdings of YALA. Millennium Management LLC raised its holdings in Yalla Group by 3,711.1% in the 4th quarter. Millennium Management LLC now owns 912,642 shares of the company’s stock worth $6,124,000 after acquiring an additional 888,695 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Yalla Group in the fourth quarter valued at about $2,578,000. Wellington Management Group LLP increased its stake in shares of Yalla Group by 62.9% in the first quarter. Wellington Management Group LLP now owns 753,441 shares of the company’s stock worth $3,375,000 after purchasing an additional 291,012 shares during the period. Morgan Stanley lifted its position in shares of Yalla Group by 81.8% during the 3rd quarter. Morgan Stanley now owns 373,314 shares of the company’s stock worth $2,833,000 after purchasing an additional 167,968 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in Yalla Group by 973.7% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 168,510 shares of the company’s stock valued at $1,279,000 after purchasing an additional 152,816 shares during the period. 22.17% of the stock is currently owned by institutional investors and hedge funds.

About Yalla Group (Get Rating)

Yalla Group Limited operates a voice-centric social networking and entertainment platform under the Yalla name primarily in the Middle East and North Africa region. Its platform offers group chatting and games services; and sells virtual items, as well as provides upgrade services. The company was formerly known as FYXTech Corporation.

Read More

Receive News & Ratings for Yalla Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yalla Group and related companies with MarketBeat.com's FREE daily email newsletter.