YHN Acquisition I (NASDAQ:YHNA) Trading Up 0% – Still a Buy?

YHN Acquisition I Limited (NASDAQ:YHNA)’s stock price rose 0% on Thursday . The stock traded as high as $10.65 and last traded at $10.6550. Approximately 874 shares were traded during mid-day trading, an increase of 45% from the average daily volume of 603 shares. The stock had previously closed at $10.65.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of YHN Acquisition I in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, YHN Acquisition I has a consensus rating of “Sell”.

YHN Acquisition I Stock Up 0.0%

The business has a 50 day simple moving average of $10.70 and a 200-day simple moving average of $10.54.

Institutional Trading of YHN Acquisition I

Hedge funds have recently bought and sold shares of the stock. Wolverine Asset Management LLC boosted its holdings in shares of YHN Acquisition I by 33.1% in the second quarter. Wolverine Asset Management LLC now owns 244,978 shares of the company’s stock valued at $2,532,000 after buying an additional 60,903 shares during the period. Mangrove Partners IM LLC acquired a new position in YHN Acquisition I in the 3rd quarter worth $3,223,000. JPMorgan Chase & Co. bought a new position in YHN Acquisition I during the 3rd quarter worth about $3,599,000. Finally, Berkley W R Corp increased its holdings in YHN Acquisition I by 33.7% during the 2nd quarter. Berkley W R Corp now owns 673,553 shares of the company’s stock worth $6,962,000 after purchasing an additional 169,637 shares in the last quarter.

About YHN Acquisition I

YH Acquisition I Co is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the NASDAQ under the ticker YHNA. As a blank‐check vehicle, the company was formed to effect one or more business combinations, mergers, share exchanges or similar transactions with one or more operating businesses or assets. It does not have operations of its own and holds its proceeds in a trust account until completion of a qualifying transaction.

The firm’s sponsor, YH Capital Partners, brings experience in growth capital and private equity investing across technology, consumer, and industrial sectors.