Yatsen Holding Limited Sponsored ADR (NYSE:YSG) Sees Large Decline in Short Interest

Key Points

• Short interest fell 32.5% to 106,028 shares as of August 14, down from 157,003 shares on July 30. Short interest represents 0.2% of shares outstanding, with a days-to-cover ratio of 1.1.
• Yatsen carries a consensus “Sell” rating, with Weiss Ratings reiterating its “sell (D-)” recommendation.
• Shares traded down 0.6% to $2.73, near the lower end of their 52-week range, while several institutional investors—including Bank of America and Arrowstreet Capital—recently increased their positions.

Yatsen Holding Limited Sponsored ADR (NYSE:YSG - Get Free Report) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 106,028 shares, a drop of 32.5% from the July 30th total of 157,003 shares. Based on an average daily volume of 93,368 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.2% of the company's stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Yatsen in a research report on Thursday, August 13th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of "Sell".

Institutional Trading of Yatsen

A number of institutional investors and hedge funds have recently made changes to their positions in YSG. Bank of America Corp DE boosted its position in Yatsen by 46,015.7% during the 3rd quarter. Bank of America Corp DE now owns 1,754,241 shares of the company's stock valued at $15,893,000 after purchasing an additional 1,750,437 shares during the period. Renaissance Technologies LLC increased its position in Yatsen by 18.2% in the first quarter. Renaissance Technologies LLC now owns 612,593 shares of the company's stock worth $1,887,000 after buying an additional 94,286 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Yatsen by 116.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 546,799 shares of the company's stock worth $4,954,000 after buying an additional 294,437 shares during the period. Perseverance Asset Management International bought a new stake in Yatsen in the fourth quarter valued at $2,062,000. Finally, Yiheng Capital Management L.P. lifted its stake in Yatsen by 282.4% in the fourth quarter. Yiheng Capital Management L.P. now owns 368,347 shares of the company's stock valued at $1,433,000 after buying an additional 272,019 shares during the last quarter.

Yatsen Trading Down 0.6%

YSG traded down $0.02 on Tuesday, hitting $2.73. 16,706 shares of the company's stock were exchanged, compared to its average volume of 128,323. The firm has a market cap of $256.48 million, a PE ratio of -12.93 and a beta of -1.55. Yatsen has a twelve month low of $2.15 and a twelve month high of $10.70. The stock has a fifty day moving average of $3.31 and a two-hundred day moving average of $3.33.

About Yatsen

Yatsen Holding Limited NYSE: YSG is a Shanghai-based beauty and personal care company founded in 2016. The firm operates as a digital-first cosmetics provider, designing, developing and marketing its own brands to a primarily Chinese consumer base. Since its inception, Yatsen has focused on leveraging data analytics and social media engagement to drive product innovation and brand awareness.

The company's core portfolio includes Perfect Diary, a color-cosmetics brand offering lipsticks, eyeshadows, foundations and related accessories; Little Ondine, which specializes in nail lacquers and nail care products; Winona, a sensitive-skin skincare line; and Abby's Choice, which features targeted skincare treatments.

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