Yalla Group Limited Sponsored ADR (NYSE:YALA) Short Interest Update

Key Points

• Yalla Group Limited (NYSE:YALA) saw a significant increase in short interest, growing by 43,057.9% to a total of 1,640,000 shares by July 15.
• The stock price of Yalla Group declined by 3.8%, with shares trading at $7.52 during midday trading.
• Yalla Group reported $0.22 earnings per share for the last quarter, with revenue of $83.88 million and a net margin of 40.94%.

Yalla Group Limited Sponsored ADR (NYSE:YALA - Get Free Report) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 1,640,000 shares, anincreaseof43,057.9% from the June 30th total of 3,800 shares. Based on an average trading volume of 1,040,000 shares, the short-interest ratio is presently 1.6 days. Based on an average trading volume of 1,040,000 shares, the short-interest ratio is presently 1.6 days.

Yalla Group Trading Down 3.6%

Shares of NYSE:YALA traded down $0.28 during midday trading on Friday, hitting $7.53. The stock had a trading volume of 340,470 shares, compared to its average volume of 414,800. Yalla Group has a 1 year low of $3.71 and a 1 year high of $8.29. The stock has a 50 day moving average price of $7.07 and a two-hundred day moving average price of $5.97. The company has a market capitalization of $1.19 billion, a PE ratio of 9.78 and a beta of 0.80.

Yalla Group (NYSE:YALA - Get Free Report) last announced its quarterly earnings data on Monday, May 19th. The company reported $0.22 EPS for the quarter. Yalla Group had a net margin of 40.94% and a return on equity of 20.67%. The firm had revenue of $83.88 million during the quarter.

Institutional Trading of Yalla Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in shares of Yalla Group in the first quarter valued at about $61,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Yalla Group in the fourth quarter valued at about $74,000. Retireful LLC acquired a new stake in shares of Yalla Group in the second quarter valued at about $75,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Yalla Group in the fourth quarter valued at about $99,000. Finally, Public Employees Retirement System of Ohio raised its position in Yalla Group by 123.9% during the fourth 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. Institutional investors and hedge funds own 4.73% of the company's stock.

Yalla Group Company Profile

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.