So-Young International Inc. Sponsored ADR (NASDAQ:SY) Short Interest Update

Key Points

• So-Young International Inc. experienced an 85.0% increase in short interest in July, totaling 721,000 shares compared to 389,800 shares in June.
• Hedge fund Jane Street Group LLC increased its position in So-Young International by 264.2%, holding 36,419 shares valued at $30,000 as of the most recent SEC filing.
• Analyst ratings for So-Young International have improved, with Citigroup upgrading the stock from "neutral" to "buy" with a price target of $5.50.

So-Young International Inc. Sponsored ADR (NASDAQ:SY - Get Free Report) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 721,000 shares, agrowthof85.0% from the June 30th total of 389,800 shares. Based on an average daily volume of 1,520,000 shares, the days-to-cover ratio is currently 0.5 days. Currently,1.0% of the company's shares are sold short. Currently,1.0% of the company's shares are sold short. Based on an average daily volume of 1,520,000 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of So-Young International

An institutional investor recently raised its position in So-Young International stock. Jane Street Group LLC lifted its position in shares of So-Young International Inc. Sponsored ADR (NASDAQ:SY - Free Report) by 264.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,419 shares of the company's stock after acquiring an additional 26,419 shares during the quarter. Jane Street Group LLC's holdings in So-Young International were worth $30,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 35.31% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on SY. Wall Street Zen upgraded So-Young International to a "hold" rating in a research report on Friday, July 18th. Citigroup raised So-Young International from a "neutral" rating to a "buy" rating and set a $5.50 price objective on the stock in a research note on Tuesday, July 8th.

So-Young International Stock Up 3.3%

NASDAQ SY traded up $0.16 during trading on Friday, hitting $4.99. The company's stock had a trading volume of 874,115 shares, compared to its average volume of 2,194,772. The firm has a 50 day moving average price of $9.91 and a 200 day moving average price of $12.03. The firm has a market cap of $506.19 million, a P/E ratio of -6.24 and a beta of 1.76. So-Young International has a 52 week low of $2.45 and a 52 week high of $36.45.

So-Young International (NASDAQ:SY - Get Free Report) last issued its quarterly earnings results on Friday, May 16th. The company reported ($0.60) EPS for the quarter, topping the consensus estimate of ($5.10) by $4.50. So-Young International had a negative return on equity of 2.14% and a negative net margin of 41.03%. The company had revenue of $40.95 million for the quarter, compared to the consensus estimate of $293.76 million.

So-Young International Company Profile

So-Young International Inc operates an online platform for consumption healthcare services in the People's Republic of China. The company offers So-Young Mobile App that offers users medical aesthetic knowledge and experience to reach an informed medical aesthetic treatment decision and make reservations for treatment with medical professionals and medical aesthetic institutions; So-Young Beauty which provides similar interfaces and functions as the mobile app, as well as serves as additional access points to the platform; and medical aesthetic community content through its website soyoung.com.