Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) Short Interest Down 15.2% in January

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 18,496,973 shares, a drop of 15.2% from the January 15th total of 21,800,556 shares. Currently, 2.1% of the shares of the company are sold short. Based on an average daily volume of 7,918,664 shares, the days-to-cover ratio is presently 2.3 days. Based on an average daily volume of 7,918,664 shares, the days-to-cover ratio is presently 2.3 days. Currently, 2.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Full Truck Alliance

Large investors have recently modified their holdings of the stock. Compound Planning Inc. boosted its stake in Full Truck Alliance by 7.0% in the 3rd quarter. Compound Planning Inc. now owns 15,948 shares of the company’s stock valued at $207,000 after buying an additional 1,048 shares in the last quarter. CI Investments Inc. lifted its holdings in shares of Full Truck Alliance by 10.7% during the third quarter. CI Investments Inc. now owns 10,924 shares of the company’s stock valued at $142,000 after acquiring an additional 1,052 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of Full Truck Alliance by 0.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 248,174 shares of the company’s stock valued at $3,219,000 after purchasing an additional 1,410 shares in the last quarter. Parnassus Investments LLC grew its holdings in shares of Full Truck Alliance by 7.1% in the 4th quarter. Parnassus Investments LLC now owns 23,076 shares of the company’s stock worth $248,000 after purchasing an additional 1,529 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Full Truck Alliance by 150.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,937 shares of the company’s stock worth $32,000 after purchasing an additional 1,762 shares in the last quarter. 39.02% of the stock is currently owned by institutional investors.

Full Truck Alliance Stock Performance

Shares of YMM stock opened at $9.49 on Monday. The firm has a fifty day moving average of $10.54 and a 200-day moving average of $11.72. The stock has a market cap of $9.92 billion, a price-to-earnings ratio of 17.90 and a beta of 0.22. Full Truck Alliance has a 52-week low of $9.39 and a 52-week high of $14.07.

Wall Street Analyst Weigh In

A number of analysts have issued reports on YMM shares. Morgan Stanley set a $14.00 target price on Full Truck Alliance in a report on Monday, November 17th. Barclays lowered their price objective on shares of Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 19th. iA Financial set a $8.00 target price on shares of Full Truck Alliance in a research note on Monday, January 12th. Jefferies Financial Group set a $13.00 price target on shares of Full Truck Alliance in a report on Monday, November 17th. Finally, Weiss Ratings lowered shares of Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $12.71.

Full Truck Alliance Company Profile

Full Truck Alliance (NYSE: YMM) operates a leading digital freight platform in China, connecting shippers with a vast network of independent truck drivers. The company’s core offering centers on load matching, enabling cargo owners to find suitable carriers quickly through a mobile and web-based interface. By streamlining the booking process, Full Truck Alliance helps reduce downtime and improves overall asset utilization for both shippers and drivers.

The platform features real-time route optimization, electronic waybills, digital payment solutions and in-app communication tools.