Yalla Group Limited Sponsored ADR (NYSE:YALA - Get Free Report) saw 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. Currently, 1.8% of the shares of the company are short sold. Based on an average daily volume of 1,230,000 shares, the short-interest ratio is currently 1.1 days.
Yalla Group Stock Performance
NYSE YALA opened at $6.43 on Wednesday. Yalla Group has a one year low of $3.71 and a one year high of $8.29. The firm's fifty day moving average is $7.02 and its two-hundred day moving average is $5.28. The firm has a market cap of $1.02 billion, a PE ratio of 8.35 and a beta of 0.81.
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 for the quarter. The firm had revenue of $83.88 million for the quarter. Yalla Group had a net margin of 40.94% and a return on equity of 20.67%.
Institutional Trading of Yalla Group
A number of institutional investors have recently modified their holdings of YALA. Blue Trust Inc. increased its position in shares of Yalla Group by 29.7% in the fourth quarter. Blue Trust Inc. now owns 40,929 shares of the company's stock valued at $166,000 after buying an additional 9,366 shares in the last quarter. QRG Capital Management Inc. increased its position in Yalla Group by 14.7% during the fourth quarter. QRG Capital Management Inc. now owns 23,400 shares of the company's stock worth $95,000 after purchasing an additional 2,996 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Yalla Group in the 4th quarter worth $74,000. Russell Investments Group Ltd. raised its holdings in shares of Yalla Group by 113.7% in the 4th quarter. Russell Investments Group Ltd. now owns 105,334 shares of the company's stock worth $423,000 after purchasing an additional 56,046 shares during the period. Finally, Barclays PLC raised its holdings in Yalla Group by 266.5% in the fourth quarter. Barclays PLC now owns 126,292 shares of the company's stock valued at $513,000 after buying an additional 91,832 shares during the period. 4.73% of the stock is currently owned by hedge funds and other 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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