Short Interest in Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) Declines By 46.2%

by · The Markets Daily

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB – Get Free Report) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 61,600 shares, a decline of 46.2% from the September 30th total of 114,500 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 63,700 shares, the short-interest ratio is currently 1.0 days. Based on an average daily trading volume, of 63,700 shares, the short-interest ratio is currently 1.0 days. Currently, 0.1% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Yuanbao in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Get Our Latest Stock Analysis on Yuanbao

Institutional Investors Weigh In On Yuanbao

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Federated Hermes Inc. acquired a new stake in Yuanbao during the 2nd quarter valued at $370,000. JPMorgan Chase & Co. acquired a new stake in Yuanbao during the 2nd quarter valued at $454,000. Finally, WFM ASIA BVI Ltd acquired a new stake in Yuanbao during the 2nd quarter valued at $2,020,000.

Yuanbao Stock Performance

Shares of YB stock opened at $22.84 on Friday. Yuanbao has a fifty-two week low of $14.04 and a fifty-two week high of $31.00. The business has a 50-day moving average price of $22.80. The firm has a market cap of $1.03 billion and a price-to-earnings ratio of 12.76.

Yuanbao (NASDAQ:YB – Get Free Report) last issued its earnings results on Wednesday, August 27th. The company reported $0.90 earnings per share (EPS) for the quarter. The company had revenue of $149.36 million during the quarter.

Yuanbao Company Profile

(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.

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