Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) Short Interest Update

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) saw a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 49,400 shares, a drop of 53.0% from the January 15th total of 105,025 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 56,933 shares, the short-interest ratio is currently 0.9 days. Based on an average daily volume of 56,933 shares, the short-interest ratio is currently 0.9 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in YB. WFM ASIA BVI Ltd acquired a new position in Yuanbao in the 2nd quarter worth $2,020,000. Susquehanna International Group LLP bought a new stake in shares of Yuanbao during the 3rd quarter worth approximately $59,613,000. JPMorgan Chase & Co. lifted its stake in Yuanbao by 53.7% in the third quarter. JPMorgan Chase & Co. now owns 33,226 shares of the company’s stock valued at $653,000 after acquiring an additional 11,607 shares during the last quarter. Federated Hermes Inc. bought a new position in Yuanbao during the second quarter worth about $370,000. Finally, Franchise GP Ltd acquired a new stake in Yuanbao during the 4th quarter valued at $1,351,000.

Yuanbao Stock Down 2.5%

Yuanbao stock opened at $19.89 on Thursday. The stock has a market cap of $896.64 million and a price-to-earnings ratio of 6.93. Yuanbao has a 12-month low of $14.04 and a 12-month high of $31.00. The business’s 50-day simple moving average is $20.28 and its 200 day simple moving average is $22.15.

Yuanbao (NASDAQ:YB) last posted its quarterly earnings results on Wednesday, December 3rd. The company reported $1.08 earnings per share for the quarter. The business had revenue of $162.64 million for the quarter.

Wall Street Analysts Forecast Growth

Several research firms recently commented on YB. Wall Street Zen upgraded shares of Yuanbao from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Weiss Ratings restated a “hold (c)” rating on shares of Yuanbao in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Yuanbao Company Profile

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.