Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) Short Interest Up 3,067.2% in January

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 105,025 shares, a growth of 3,067.2% from the December 31st total of 3,316 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 61,523 shares, the days-to-cover ratio is presently 1.7 days. Based on an average trading volume of 61,523 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On Yuanbao

Hedge funds and other institutional investors have recently bought and sold shares of the company. WFM ASIA BVI Ltd bought a new position in shares of Yuanbao during the 2nd quarter worth approximately $2,020,000. JPMorgan Chase & Co. bought a new stake in shares of Yuanbao in the 2nd quarter valued at $454,000. Federated Hermes Inc. acquired a new position in shares of Yuanbao during the 2nd quarter valued at $370,000. Finally, Susquehanna International Group LLP bought a new position in Yuanbao during the third quarter worth $59,613,000.

Yuanbao Price Performance

Shares of YB stock traded down $0.18 during trading hours on Tuesday, hitting $19.67. 62,870 shares of the company’s stock traded hands, compared to its average volume of 53,641. The stock’s 50 day simple moving average is $20.42 and its 200 day simple moving average is $22.72. Yuanbao has a 12 month low of $14.04 and a 12 month high of $31.00.

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

Wall Street Analyst Weigh In

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

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. 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.