Yunji Inc. (NASDAQ:YJ) Sees Large Increase in Short Interest

Yunji Inc. (NASDAQ:YJ) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 46,300 shares, an increase of 844.9% from the August 15th total of 4,900 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 134,700 shares, the short-interest ratio is currently 0.3 days.

Yunji Trading Down 2.3 %

Shares of NASDAQ YJ opened at $0.59 on Thursday. The business has a fifty day simple moving average of $0.98 and a 200 day simple moving average of $2.34. The firm has a market capitalization of $11.91 million, a price-to-earnings ratio of -0.54 and a beta of 0.55. Yunji has a one year low of $0.56 and a one year high of $10.30.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Renaissance Technologies LLC boosted its stake in Yunji by 161.4% in the 1st quarter. Renaissance Technologies LLC now owns 153,200 shares of the company’s stock valued at $156,000 after buying an additional 94,600 shares in the last quarter. Bank of America Corp DE acquired a new stake in Yunji in the 1st quarter valued at $31,000. Finally, Susquehanna International Group LLP boosted its stake in Yunji by 272.1% in the 1st quarter. Susquehanna International Group LLP now owns 815,965 shares of the company’s stock valued at $322,000 after buying an additional 596,669 shares in the last quarter. 1.03% of the stock is currently owned by institutional investors and hedge funds.

Yunji Company Profile

Yunji Inc, together with its subsidiaries, operates a social e-commerce platform in the People's Republic of China. It offers a range of product categories that cater various daily needs of users and their households, including beauty and personal care, household goods, cloths, food and fresh produce, computer and electronics, apparel, bags and cases, baby and maternity products, and home appliances.