Short Interest in Yalla Group Limited Sponsored ADR (NYSE:YALA) Expands By 27.5%

Yalla Group Limited Sponsored ADR (NYSE:YALA) was the recipient of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 1,390,000 shares, an increase of 27.5% from the May 15th total of 1,090,000 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average daily volume of 1,230,000 shares, the short-interest ratio is presently 1.1 days.

Yalla Group Trading Down 0.6%

NYSE:YALA opened at $6.39 on Friday. The firm has a market cap of $1.01 billion, a PE ratio of 8.30 and a beta of 0.81. The stock has a fifty day moving average price of $7.06 and a 200 day moving average price of $5.30. Yalla Group has a 12-month low of $3.71 and a 12-month high of $8.29.

Yalla Group (NYSE:YALA) last released its earnings results on Monday, May 19th. The company reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $83.88 million during the quarter. Yalla Group had a return on equity of 20.67% and a net margin of 40.94%.

Institutional Trading of Yalla Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC raised its stake in Yalla Group by 1.4% in the first quarter. Acadian Asset Management LLC now owns 2,791,208 shares of the company’s stock valued at $14,535,000 after buying an additional 37,580 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Yalla Group by 64.6% in the first quarter. Goldman Sachs Group Inc. now owns 104,475 shares of the company’s stock valued at $545,000 after buying an additional 41,003 shares in the last quarter. Vident Advisory LLC raised its stake in Yalla Group by 190.7% in the first quarter. Vident Advisory LLC now owns 455,808 shares of the company’s stock valued at $2,379,000 after buying an additional 298,985 shares in the last quarter. Jump Financial LLC raised its stake in Yalla Group by 31.4% in the first quarter. Jump Financial LLC now owns 62,000 shares of the company’s stock valued at $324,000 after buying an additional 14,800 shares in the last quarter. Finally, E Fund Management Co. Ltd. acquired a new stake in Yalla Group in the first quarter valued at $644,000. 4.73% of the stock is currently owned by institutional investors and hedge funds.

About Yalla Group

Yalla Group Limited operates a social networking and gaming platform primarily in the Middle East and North Africa region. It provides mobile applications, including Yalla, a voice-centric group chat platform; and Yalla Ludo, a casual gaming application. The company’s platform offers group chatting and games services; and sells virtual items, as well as provides upgrade services.