Short Interest in Yuanbao Inc. - Sponsored ADR (NASDAQ:YB) Rises By 94.7%

Key Points

• Short interest in Yuanbao Inc. increased by 94.7% in September, rising from 58,800 shares to 114,500 shares.
• Yuanbao has received a "hold" rating from analysts with an average price target reflecting cautious market sentiment.
• The stock price of Yuanbao was up 5.8%, opening at $23.98, with a 12-month price range between $14.04 and $31.00.

Yuanbao Inc. - Sponsored ADR (NASDAQ:YB - Get Free Report) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 114,500 shares, an increase of 94.7% from the September 15th total of 58,800 shares. Based on an average trading volume of 68,600 shares, the days-to-cover ratio is presently 1.7 days. Based on an average trading volume of 68,600 shares, the days-to-cover ratio is presently 1.7 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "hold (c+)" rating on shares of Yuanbao in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of "Hold".

Yuanbao Stock Up 5.8%

Shares of YB opened at $23.98 on Tuesday. Yuanbao has a 12-month low of $14.04 and a 12-month high of $31.00. The firm has a 50-day moving average price of $23.31.

Yuanbao (NASDAQ:YB - Get Free Report) last posted its earnings results on Wednesday, August 27th. The company reported $0.90 EPS for the quarter. The company had revenue of $149.36 million during the quarter.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Federated Hermes Inc. acquired a new position in Yuanbao in the second quarter valued at about $370,000. JPMorgan Chase & Co. acquired a new position in Yuanbao in the second quarter valued at about $454,000. Finally, WFM ASIA BVI Ltd acquired a new position in Yuanbao in the second quarter valued at about $2,020,000.

About Yuanbao

Our mission is to protect health and well-being through technology. We are a leading technology-driven online insurance distributor in China. We take pride in pioneering the seamless integration of insurance with cutting-edge technologies, and have constructed a highly efficient full consumer service cycle engine.

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