Yalla Group Limited Sponsored ADR (NYSE:YALA) Short Interest Up 43,057.9% in July

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 recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 1,640,000 shares, agrowthof43,057.9% 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 currently 1.6 days. Based on an average trading volume of 1,040,000 shares, the short-interest ratio is currently 1.6 days.

Yalla Group Price Performance

Yalla Group stock traded up $0.86 during midday trading on Tuesday, hitting $8.84. 2,744,918 shares of the company were exchanged, compared to its average volume of 741,553. The company's fifty day moving average price is $7.09 and its 200-day moving average price is $6.02. The company has a market cap of $1.40 billion, a PE ratio of 11.45 and a beta of 0.80. Yalla Group has a fifty-two week low of $3.72 and a fifty-two week high of $9.29.

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. Yalla Group had a return on equity of 20.67% and a net margin of 40.94%. The company had revenue of $83.88 million for the quarter.

Institutional Investors Weigh In On Yalla Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC increased its holdings in shares of Yalla Group by 1.4% in the 1st quarter. Acadian Asset Management LLC now owns 2,791,208 shares of the company's stock valued at $14,535,000 after acquiring an additional 37,580 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Yalla Group by 228.0% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 625,165 shares of the company's stock valued at $4,214,000 after acquiring an additional 434,559 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Yalla Group by 57.9% in the 4th quarter. Millennium Management LLC now owns 585,284 shares of the company's stock valued at $2,376,000 after acquiring an additional 214,625 shares during the last quarter. Ariose Capital Management Ltd bought a new stake in shares of Yalla Group in the 2nd quarter valued at approximately $3,808,000. Finally, Vident Advisory LLC increased its holdings in shares of Yalla Group by 190.7% in the 1st quarter. Vident Advisory LLC now owns 455,808 shares of the company's stock valued at $2,379,000 after acquiring an additional 298,985 shares during the last quarter. 4.73% of the stock is currently owned by hedge funds and other institutional investors.

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.