Yuanbao Inc. - Sponsored ADR (NASDAQ:YB) Stock Short Interest Report for October

Key Points

• Short interest fell 35.7% to 11,245 shares as of October 15, down from 17,501 shares at the end of September. Shorted shares represent 0.0% of the company, with a short-interest ratio of 0.2 days.
• Weiss Ratings downgraded Yuanbao from “hold (c-)” to “sell (d+).” The stock has an average analyst rating of “Reduce” and an average price target of $21.80.
• Yuanbao reported quarterly EPS of $1.26 on revenue of $204.92 million, while the stock opened at $11.20 and traded near its 52-week low of $11.00.

Yuanbao Inc. - Sponsored ADR (NASDAQ:YB - Get Free Report) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 11,245 shares, a drop of 35.7% from the September 30th total of 17,501 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 56,048 shares, the short-interest ratio is currently 0.2 days.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Yuanbao from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Yuanbao currently has an average rating of "Reduce" and an average target price of $21.80.

Yuanbao Stock Performance

YB stock opened at $11.20 on Monday. The firm has a fifty day moving average price of $12.45 and a 200 day moving average price of $15.67. Yuanbao has a fifty-two week low of $11.00 and a fifty-two week high of $23.65. The firm has a market cap of $504.90 million, a PE ratio of 2.49 and a beta of 0.56.

Yuanbao (NASDAQ:YB - Get Free Report) last released its quarterly earnings results on Friday, September 11th. The company reported $1.26 EPS for the quarter. The company had revenue of $204.92 million during the quarter. Yuanbao had a return on equity of 43.75% and a net margin of 29.91%.

Institutional Trading of Yuanbao

An institutional investor recently bought a new stake in Yuanbao stock. Royal Bank of Canada purchased a new position in shares of Yuanbao Inc. - Sponsored ADR (NASDAQ:YB - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,079 shares of the company's stock, valued at approximately $72,000.

Yuanbao Company Profile

Yuanbao Inc NASDAQ: YB is a China-based technology-driven insurance distribution company. The company operates an online platform that connects consumers with insurance products offered by third-party insurance carriers.

Yuanbao's platform primarily focuses on personal protection products, including health, life, accident and other insurance offerings. Its services are designed to help customers compare, purchase and manage policies through digital channels, while using data and technology to support product distribution and customer service.

The company primarily serves customers in China through online platforms and mobile applications.

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