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

Key Points

• Short interest surged 1,206.8% to 46,769 shares as of April 15, equal to about 2.4% of the company's stock and leaving a days-to-cover ratio of just 0.3 based on average volume.
• MAAS traded up to $9.20 on Friday with 235,950 shares changing hands (above average); the 50-day and 200-day moving averages are $6.30 and $5.14, and the 12-month range is $2.41–$20.89.
• Maase Inc is the sponsored ADR for Puyi Inc, a Guangzhou-based third-party wealth manager that distributes fund products and provides asset management and corporate financing services in China.

Maase Inc. - Sponsored ADR (NASDAQ:MAAS - ) was the target of a large growth in short interest in April. As of April 15th, there was short interest totaling 46,769 shares, a growth of 1,206.8% from the March 31st total of 3,579 shares. Approximately 2.4% of the company's stock are short sold. Based on an average trading volume of 165,072 shares, the days-to-cover ratio is presently 0.3 days.

Maase Price Performance

MAAS stock traded up $0.09 during trading hours on Friday, reaching $9.20. 235,950 shares of the stock were exchanged, compared to its average volume of 150,448. The firm's 50-day moving average is $6.30 and its 200-day moving average is $5.14. Maase has a 12 month low of $2.41 and a 12 month high of $20.89.

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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