Maase Inc. - Sponsored ADR (NASDAQ:MAAS) Short Interest Update

Key Points

• Short interest fell 18.3% to 3,579 shares as of March 31, equal to about 0.2% of the float and a short-interest ratio of 0.5 days based on average daily volume.
• Shares traded down 5.1% to $7.48 on Thursday with 39,294 shares changing hands versus an average volume of 89,016; the 50‑day and 200‑day simple moving averages are $5.94 and $4.92, respectively, and the 52‑week range is $2.41–$14.00.
• Maase (listed as Puyi Inc in the profile) is a Guangzhou‑based third‑party wealth manager in China that distributes public and private fund products and provides asset management services including fund‑of‑funds and non‑performing loan funds.

Maase Inc. - Sponsored ADR (NASDAQ:MAAS - ) saw a significant drop in short interest in March. As of March 31st, there was short interest totaling 3,579 shares, a drop of 18.3% from the March 15th total of 4,383 shares. Based on an average daily volume of 7,720 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the company's stock are sold short.

Maase Stock Down 5.1%

Shares of MAAS traded down $0.40 during trading hours on Thursday, reaching $7.48. 39,294 shares of the stock traded hands, compared to its average volume of 89,016. The stock has a fifty day simple moving average of $5.94 and a 200 day simple moving average of $4.92. Maase has a 52 week low of $2.41 and a 52 week high of $14.00.

Maase Company Profile

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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