Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) Sees Large Decrease in Short Interest

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 11,559 shares, a decrease of 16.7% from the November 30th total of 13,877 shares. Based on an average trading volume of 103,345 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 103,345 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Yuanbao

A number of hedge funds have recently added to or reduced their stakes in the stock. Federated Hermes Inc. bought a new position in shares of Yuanbao during the 2nd quarter valued at $370,000. JPMorgan Chase & Co. purchased a new stake in Yuanbao during the second quarter valued at $454,000. WFM ASIA BVI Ltd purchased a new stake in Yuanbao during the second quarter valued at $2,020,000. Finally, Susquehanna International Group LLP bought a new position in Yuanbao in the third quarter valued at about $59,613,000.

Yuanbao Price Performance

Yuanbao stock opened at $20.25 on Wednesday. Yuanbao has a one year low of $14.04 and a one year high of $31.00. The business’s fifty day moving average is $21.18 and its 200 day moving average is $23.09. The stock has a market capitalization of $912.87 million and a PE ratio of 7.06.

Yuanbao (NASDAQ:YB) last announced its quarterly 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.

Analysts Set New Price Targets

Several research firms have recently issued reports on YB. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Yuanbao in a research report on Monday. Wall Street Zen raised shares of Yuanbao from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Yuanbao presently has a consensus rating of “Hold”.

Yuanbao Company Profile

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.