Yalla Group Limited Sponsored ADR (NYSE:YALA - Get Free Report) was the target of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 1,390,000 shares, a growth of 27.5% from the May 15th total of 1,090,000 shares. Based on an average daily volume of 1,230,000 shares, the short-interest ratio is currently 1.1 days. Approximately 1.8% of the company's shares are short sold.
Yalla Group Price Performance
Shares of NYSE:YALA traded down $0.07 during trading on Friday, hitting $6.29. The company had a trading volume of 666,987 shares, compared to its average volume of 498,714. The stock has a market cap of $994.73 million, a price-to-earnings ratio of 8.17 and a beta of 0.81. Yalla Group has a one year low of $3.71 and a one year high of $8.29. The company has a fifty day simple moving average of $7.07 and a two-hundred day simple moving average of $5.32.
Yalla Group (NYSE:YALA - Get Free Report) last posted its quarterly earnings data on Monday, May 19th. The company reported $0.22 earnings per share (EPS) for the quarter. The business had revenue of $83.88 million during the quarter. Yalla Group had a return on equity of 20.67% and a net margin of 40.94%.
Institutional Investors Weigh In On Yalla Group
A number of institutional investors and hedge funds have recently modified their holdings of YALA. Virtu Financial LLC bought a new stake in shares of Yalla Group during the 1st quarter worth approximately $61,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Yalla Group during the 4th quarter worth approximately $74,000. QRG Capital Management Inc. lifted its stake in shares of Yalla Group by 14.7% during the 4th quarter. QRG Capital Management Inc. now owns 23,400 shares of the company's stock worth $95,000 after acquiring an additional 2,996 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Yalla Group during the 4th quarter worth approximately $99,000. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Yalla Group by 123.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 26,173 shares of the company's stock worth $106,000 after acquiring an additional 14,483 shares during the last quarter. 4.73% of the stock is owned by institutional investors.
About Yalla Group
(
Get Free Report)
Yalla Group Limited operates a social networking and gaming platform primarily in the Middle East and North Africa region. It provides mobile applications, including Yalla, a voice-centric group chat platform; and Yalla Ludo, a casual gaming application. The company's platform offers group chatting and games services; and sells virtual items, as well as provides upgrade services.
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