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

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 7,791 shares, a decline of 42.6% from the August 15th total of 13,566 shares. Based on an average daily volume of 29,850 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Yuanbao

An institutional investor recently bought a new stake in Yuanbao stock. Royal Bank of Canada bought a new position in Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,079 shares of the company’s stock, valued at approximately $72,000.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Yuanbao from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $21.80.

Yuanbao Stock Performance

YB traded down $0.23 during trading on Wednesday, reaching $12.44. The stock had a trading volume of 62,303 shares, compared to its average volume of 42,607. The stock has a market cap of $560.80 million, a PE ratio of 2.76 and a beta of 0.44. Yuanbao has a one year low of $12.01 and a one year high of $25.33. The business has a 50-day moving average of $13.69 and a 200-day moving average of $15.55.

Yuanbao (NASDAQ:YB) last issued its quarterly earnings results on Friday, September 11th. The company reported $1.26 earnings per share (EPS) for the quarter. Yuanbao had a return on equity of 43.75% and a net margin of 29.91%.The firm had revenue of $204.92 million during the quarter.

Yuanbao Company Profile

Yuanbao Inc (NASDAQ: YB) is a China-based insurance technology company that operates a digital platform for the distribution of insurance products. The company uses online and mobile channels to connect consumers with insurance offerings from participating insurers.

Yuanbao’s business primarily focuses on health and life insurance products, along with related digital insurance services. Its platform is designed to support product discovery, application, and policy management, while helping insurance providers reach individual customers through technology-enabled distribution.

The company serves customers in China through its online platform.