Noah Holdings Limited (NYSE:NOAH) Short Interest Down 33.2% in March

Noah Holdings Limited (NYSE:NOAH - Get Free Report) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totalling 358,800 shares, a decline of 33.2% from the March 15th total of 536,800 shares. Based on an average daily trading volume, of 140,900 shares, the days-to-cover ratio is currently 2.5 days.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Noah from a "strong-buy" rating to a "buy" rating in a research note on Monday, March 18th.

Hedge Funds Weigh In On Noah

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in Noah by 1,597.5% during the second quarter. JPMorgan Chase & Co. now owns 3,361 shares of the asset manager's stock worth $47,000 after buying an additional 3,163 shares during the last quarter. Quantbot Technologies LP increased its holdings in shares of Noah by 391.7% in the first quarter. Quantbot Technologies LP now owns 5,900 shares of the asset manager's stock valued at $138,000 after purchasing an additional 4,700 shares during the last quarter. Ethic Inc. acquired a new position in shares of Noah in the first quarter valued at $240,000. Caxton Associates LP acquired a new position in shares of Noah in the third quarter valued at $129,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Noah in the third quarter valued at $129,000. 42.67% of the stock is currently owned by institutional investors and hedge funds.

Noah Trading Down 3.4 %

Shares of NYSE NOAH traded down $0.45 during midday trading on Friday, reaching $12.86. The company's stock had a trading volume of 108,585 shares, compared to its average volume of 134,807. Noah has a fifty-two week low of $9.90 and a fifty-two week high of $17.39. The stock has a market capitalization of $843.74 million, a price-to-earnings ratio of 6.30 and a beta of 1.01. The stock has a 50 day simple moving average of $11.60 and a 200-day simple moving average of $12.20.

Noah (NYSE:NOAH - Get Free Report) last posted its quarterly earnings data on Tuesday, March 26th. The asset manager reported $0.47 earnings per share (EPS) for the quarter. Noah had a net margin of 33.36% and a return on equity of 10.05%. The company had revenue of $74.64 million for the quarter. During the same quarter last year, the business earned $0.31 earnings per share. As a group, equities analysts anticipate that Noah will post 2.54 EPS for the current year.

About Noah

Noah Holdings Limited, together with its subsidiaries, operates as a wealth and asset management service provider with the focus on investment and asset allocation services for high net worth individuals and enterprises in Mainland of China, Hong Kong, and internationally. It operates through three segments: Wealth Management, Asset Management, and Other Businesses.

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