YHN Acquisition I (NASDAQ:YHNA) Stock Price Up 0.1% – Should You Buy?

YHN Acquisition I Limited (NASDAQ:YHNA)’s share price rose 0.1% during mid-day trading on Friday . The stock traded as high as $10.67 and last traded at $10.67. Approximately 100 shares were traded during trading, a decline of 86% from the average daily volume of 728 shares. The stock had previously closed at $10.66.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of YHN Acquisition I in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

YHN Acquisition I Stock Up 0.1%

The company has a 50 day moving average price of $10.74 and a 200-day moving average price of $10.59.

Hedge Funds Weigh In On YHN Acquisition I

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

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.