Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) Short Interest Up 3,067.2% in January

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 105,025 shares, a growth of 3,067.2% from the December 31st total of 3,316 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 61,523 shares, the short-interest ratio is currently 1.7 days. Based on an average trading volume of 61,523 shares, the short-interest ratio is currently 1.7 days. Currently, 0.2% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Yuanbao in a research note on Monday, December 29th. Wall Street Zen raised shares of Yuanbao from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Yuanbao Trading Down 0.9%

YB opened at $19.67 on Wednesday. The stock’s fifty day simple moving average is $20.42 and its 200 day simple moving average is $22.72. Yuanbao has a 1-year low of $14.04 and a 1-year high of $31.00. The stock has a market cap of $886.72 million and a PE ratio of 6.85.

Yuanbao (NASDAQ:YB) last released its quarterly earnings data on Wednesday, December 3rd. The company reported $1.08 EPS for the quarter. The company had revenue of $162.64 million during the quarter.

Institutional Trading of Yuanbao

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Federated Hermes Inc. acquired a new stake in shares of Yuanbao in the second quarter valued at approximately $370,000. JPMorgan Chase & Co. acquired a new stake in Yuanbao during the second quarter worth about $454,000. WFM ASIA BVI Ltd bought a new position in Yuanbao in the 2nd quarter valued at about $2,020,000. Finally, Susquehanna International Group LLP acquired a new position in shares of Yuanbao in the 3rd quarter valued at approximately $59,613,000.

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. Through this engine, we successfully distribute suitable and high-quality insurance products to over ten million insurance consumers. According to Frost & Sullivan, we were the largest independent insurance distributor in China’s personal life and accident & health (A&H) insurance market in terms of first year premiums in 2023.