Yuanbao Inc. - Sponsored ADR (NASDAQ:YB) Short Interest Down 36.7% in April

Key Points

• Short interest fell 36.7% in April to 58,134 shares (about 0.1% of shares outstanding), leaving a short‑interest ratio of roughly 1.1 days based on average daily volume.
• YB is trading below key moving averages: it opened at $16.35 (down 2.3%), sits under its 50‑day ($18.75) and 200‑day ($20.12) averages, has a 12‑month range of $14.04–$31.00, a market cap of ~$737.1M and a P/E of 4.22.
• Analysts and institutions active: Citigroup initiated coverage with a "neutral" and $21.80 target while Wall Street Zen upgraded to "buy" (consensus is still "Hold" with a $21.80 target), and institutions — notably Susquehanna — established or increased sizable stakes (Susquehanna’s new position ~ $59.6M).

Yuanbao Inc. - Sponsored ADR (NASDAQ:YB - Get Free Report) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totaling 58,134 shares, a drop of 36.7% from the March 31st total of 91,850 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 52,535 shares, the short-interest ratio is presently 1.1 days.

Yuanbao Stock Down 2.3%

Shares of YB opened at $16.35 on Tuesday. The company's fifty day moving average is $18.75 and its 200-day moving average is $20.12. Yuanbao has a 12 month low of $14.04 and a 12 month high of $31.00. The firm has a market cap of $737.06 million and a price-to-earnings ratio of 4.22.

Analyst Ratings Changes

Several equities research analysts recently commented on YB shares. Citigroup started coverage on shares of Yuanbao in a research report on Monday, February 23rd. They issued a "neutral" rating and a $21.80 price target for the company. Weiss Ratings restated a "hold (c)" rating on shares of Yuanbao in a research report on Friday, March 27th. Finally, Wall Street Zen upgraded shares of Yuanbao from a "hold" rating to a "buy" rating in a research report on Saturday, April 18th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $21.80.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Susquehanna International Group LLP bought a new stake in Yuanbao in the 3rd quarter valued at $59,613,000. WFM ASIA BVI Ltd boosted its holdings in Yuanbao by 89.9% in the 3rd quarter. WFM ASIA BVI Ltd now owns 182,500 shares of the company's stock valued at $3,584,000 after purchasing an additional 86,414 shares during the period. Franchise GP Ltd bought a new stake in Yuanbao in the 4th quarter valued at $1,351,000. Barclays PLC boosted its holdings in Yuanbao by 68.7% in the 4th quarter. Barclays PLC now owns 41,988 shares of the company's stock valued at $851,000 after purchasing an additional 17,105 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Yuanbao by 53.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 33,226 shares of the company's stock valued at $653,000 after purchasing an additional 11,607 shares during the period.

Yuanbao Company Profile

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. Through this engine, we successfully distribute suitable and high-quality insurance products to over ten million insurance consumers. According to Frost & Sullivan, we were the largest independent insurance distributor in China's personal life and accident & health (A&H) insurance market in terms of first year premiums in 2023.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.