Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) Sees Significant Increase in Short Interest

Yuanbao Inc. – Sponsored ADR (NASDAQ:YBGet 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.

Yuanbao (NASDAQ:YBGet Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.90 EPS for the quarter. The business had revenue of $149.36 million during the quarter.

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

(Get Free Report)

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.

See Also

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