Yunji Inc. Sponsored ADR (NASDAQ:YJ) Short Interest Up 244.9% in August

Yunji Inc. Sponsored ADR (NASDAQ:YJ) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 72,720 shares, an increase of 244.9% from the July 30th total of 21,087 shares. Based on an average daily volume of 5,643,802 shares, the days-to-cover ratio is presently 0.0 days. Currently, 2.7% of the shares of the company are sold short.

Yunji Trading Up 3.0%

YJ stock opened at $2.76 on Thursday. Yunji has a 12 month low of $1.11 and a 12 month high of $13.97. The company has a 50-day moving average price of $1.77 and a 200 day moving average price of $1.69. The stock has a market cap of $13.59 million, a PE ratio of -0.82 and a beta of 0.20.

Yunji (NASDAQ:YJ) last issued its quarterly earnings results on Thursday, August 20th. The company reported ($1.18) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.87). The firm had revenue of $7.09 million during the quarter, compared to analysts’ expectations of $16.83 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Yunji from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About Yunji

Yunji Inc is a China-based social commerce company that operates a membership-focused e-commerce platform. The company offers a curated selection of lifestyle products, positioning itself as a bridge between manufacturers and end consumers. By combining technology with a membership community, Yunji aims to deliver a personalized shopping experience that emphasizes quality, affordability and social interaction.

The platform’s product portfolio spans beauty and personal care, health and wellness, household essentials, food and beverage, apparel and accessories.