Yatsen Holding Limited Sponsored ADR (NYSE:YSG) Short Interest Up 568.3% in July

Key Points

• Short interest in Yatsen Holding Limited increased by 568.3% in July, reaching a total of 703,700 shares, which equates to 1.2% of the company's shares sold short.
• Analysts have downgraded Yatsen's stock rating from "buy" to "hold" as part of a recent report.
• Yatsen reported a net loss of ($0.01) EPS for the last quarter, with a market capitalization of approximately $798.63 million.

Yatsen Holding Limited Sponsored ADR (NYSE:YSG - Get Free Report) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 703,700 shares, anincreaseof568.3% from the June 30th total of 105,300 shares. Based on an average daily volume of 493,600 shares, the short-interest ratio is presently 1.4 days. Currently,1.2% of the company's stock are short sold. Currently,1.2% of the company's stock are short sold. Based on an average daily volume of 493,600 shares, the short-interest ratio is presently 1.4 days.

Hedge Funds Weigh In On Yatsen

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE acquired a new position in shares of Yatsen during the 4th quarter worth approximately $42,000. Marshall Wace LLP acquired a new position in shares of Yatsen during the fourth quarter worth $47,000. Public Employees Retirement System of Ohio boosted its stake in Yatsen by 1,446.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 12,699 shares of the company's stock valued at $51,000 after acquiring an additional 11,878 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Yatsen by 22.8% during the fourth quarter. BNP Paribas Financial Markets now owns 18,494 shares of the company's stock worth $74,000 after buying an additional 3,435 shares during the period. Finally, Jump Financial LLC purchased a new position in Yatsen during the first quarter worth about $85,000.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Yatsen from a "buy" rating to a "hold" rating in a report on Saturday.

Yatsen Trading Up 4.7%

Shares of NYSE:YSG traded up $0.41 during mid-day trading on Wednesday, reaching $9.12. The stock had a trading volume of 249,857 shares, compared to its average volume of 313,952. The company has a market cap of $841.05 million, a P/E ratio of -10.86 and a beta of -2.11. Yatsen has a 1 year low of $3.01 and a 1 year high of $11.57. The business's 50 day moving average price is $8.82 and its 200 day moving average price is $5.78.

Yatsen (NYSE:YSG - Get Free Report) last released its earnings results on Friday, May 16th. The company reported ($0.01) EPS for the quarter. Yatsen had a negative net margin of 17.03% and a negative return on equity of 17.36%. The business had revenue of $114.86 million for the quarter. Analysts predict that Yatsen will post -0.32 earnings per share for the current fiscal year.

Yatsen declared that its Board of Directors has initiated a share buyback program on Friday, May 16th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

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, and beauty devices.