Yatsen Holding Limited (NYSE:YSG) Sees Large Drop in Short Interest

Yatsen Holding Limited (NYSE:YSG - Get Free Report) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 550,200 shares, a decline of 53.8% from the March 15th total of 1,190,000 shares. Based on an average daily trading volume, of 342,600 shares, the short-interest ratio is currently 1.6 days. Approximately 0.8% of the company's shares are short sold.

Yatsen Stock Down 1.9 %

Shares of NYSE:YSG traded down $0.06 during trading on Thursday, reaching $3.04. The stock had a trading volume of 353,958 shares, compared to its average volume of 332,499. Yatsen has a fifty-two week low of $1.99 and a fifty-two week high of $6.85. The business has a fifty day moving average price of $2.68 and a 200-day moving average price of $3.61. The stock has a market cap of $226.12 million, a P/E ratio of -3.04 and a beta of -2.19.

Yatsen (NYSE:YSG - Get Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The company reported ($0.20) EPS for the quarter. Yatsen had a negative return on equity of 7.97% and a negative net margin of 21.70%. The company had revenue of $151.09 million for the quarter. As a group, equities analysts forecast that Yatsen will post 0.15 EPS for the current year.

Hedge Funds Weigh In On Yatsen

Several institutional investors and hedge funds have recently bought and sold shares of YSG. Renaissance Technologies LLC increased its position in Yatsen by 131.6% during the first quarter. Renaissance Technologies LLC now owns 5,368,600 shares of the company's stock worth $3,686,000 after purchasing an additional 3,050,969 shares during the last quarter. Norges Bank acquired a new stake in shares of Yatsen during the fourth quarter worth $3,540,000. Lansdowne Partners UK LLP acquired a new stake in shares of Yatsen during the third quarter worth $1,217,000. Helios Capital Management PTE. Ltd. acquired a new stake in shares of Yatsen during the fourth quarter worth $732,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of Yatsen in the 1st quarter worth about $666,000.

About Yatsen

Yatsen Holding Limited, together with its subsidiaries, engages in the development and sale of beauty products under the Perfect Diary, Little Ondine, Pink Bear, Abby's Choice, GalÃnic, DR.WU, Eve Lom, and EANTiM brands in the People's Republic of China. The company offers color cosmetics for lips, eyes, and face; skin care products, including face serums and creams, eye creams, masks, toners, makeup removers, cleansers, ampoules, and anti-acne patches; and beauty tools and kits, sunscreen products, colored contact lenses, and beauty devices.