Yuanbao Inc. – Sponsored ADR (NASDAQ:YB – Get Free Report) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 58,800 shares, a growth of 163.7% from the August 31st total of 22,300 shares. Based on an average daily trading volume, of 85,700 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 85,700 shares, the short-interest ratio is presently 0.7 days.
Institutional Trading of Yuanbao
Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. purchased a new position in Yuanbao in the second quarter valued at about $454,000. Federated Hermes Inc. acquired a new stake in shares of Yuanbao in the second quarter valued at about $370,000. Finally, WFM ASIA BVI Ltd acquired a new stake in shares of Yuanbao in the second quarter valued at about $2,020,000.
Yuanbao Trading Up 3.7%
Yuanbao stock opened at $19.23 on Friday. The company has a 50 day simple moving average of $24.52. Yuanbao has a 1-year low of $14.04 and a 1-year high of $31.00.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the stock. Wall Street Zen cut shares of Yuanbao from a “buy” rating to a “hold” rating in a research report on Sunday, June 15th. Weiss Ratings restated a “hold (c+)” rating on shares of Yuanbao in a report on Saturday, September 27th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.
Read Our Latest Stock Report on YB
About Yuanbao
Our mission is to protect health and well-being through technology. We are a leading technology-driven online insurance distributor in China. We take pride in pioneering the seamless integration of insurance with cutting-edge technologies, and have constructed a highly efficient full consumer service cycle engine.
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