Maase Inc. - Sponsored ADR (NASDAQ:MAAS) Sees Large Decline in Short Interest

Key Points

• Short interest plunged 49.8%, falling to 4,383 shares as of March 13 from 8,734 on February 26, leaving a short-interest ratio of 0.5 days and roughly 0.2% of shares sold short.
• MAAS traded at $5.68 (down $0.01) with 3,914 shares exchanged versus an average volume of 5,828; the 50-day and 200-day moving averages are $5.87 and $4.66, respectively, and the 52-week range is $2.41–$14.00.
• Puyi Inc. (Maase) provides third-party wealth management and asset management services in China, including fund distribution, fund-of-funds and non-performing loan fund management, and corporate financing, and is headquartered in Guangzhou.

Maase Inc. - Sponsored ADR (NASDAQ:MAAS - ) was the recipient of a large drop in short interest in March. As of March 13th, there was short interest totaling 4,383 shares, a drop of 49.8% from the February 26th total of 8,734 shares. Based on an average daily volume of 8,990 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the stock are sold short.

Maase Stock Performance

MAAS stock traded down $0.01 during midday trading on Thursday, hitting $5.68. 3,914 shares of the stock were exchanged, compared to its average volume of 5,828. The stock's 50-day moving average price is $5.87 and its 200-day moving average price is $4.66. Maase has a fifty-two week low of $2.41 and a fifty-two week high of $14.00.

About Maase

Puyi Inc provides third-party wealth management services in China. The company distributes publicly raised fund and privately raised securities investment fund products through online and offline. It also provides asset management services that include managing fund of funds and non-performing loan funds; and corporate financing services. Puyi Inc was incorporated in 2018 and is headquartered in Guangzhou, China.

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