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

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 58,800 shares, an increase of 163.7% from the August 31st total of 22,300 shares. Based on an average daily volume of 85,700 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 85,700 shares, the days-to-cover ratio is presently 0.7 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Yuanbao from a “buy” rating to a “hold” rating in a research note on Sunday, June 15th.

Hedge Funds Weigh In On Yuanbao

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

Yuanbao Stock Down 2.0%

Shares of YB opened at $18.54 on Friday. The business’s 50-day moving average is $24.69. Yuanbao has a 1 year low of $14.04 and a 1 year high of $31.00.

Yuanbao (NASDAQ:YB) last released its earnings results on Wednesday, August 27th. The company reported $0.90 earnings per share for the quarter. The firm had revenue of $149.36 million for the quarter.

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.