Yuanbao Inc. - Sponsored ADR (NASDAQ:YB) Short Interest Up 38.8% in March

Key Points

• Short interest jumped 38.8% in March to 91,850 shares (about 0.2% of the stock) with a days-to-cover ratio of 1.5, indicating a modest rise in bearish positioning.
• Analysts have a consensus Hold rating with an average target of $21.80; Wall Street Zen cut to "hold" and Citigroup initiated coverage at "neutral" with the $21.80 target.
• Shares opened at $18.22, below the 50- and 200-day moving averages, while the company trades at a market cap of $821M and a low P/E of 4.71, suggesting a relatively cheap valuation versus its 12-month high of $31.00.

Yuanbao Inc. - Sponsored ADR (NASDAQ:YB - Get Free Report) was the target of a large growth in short interest in March. As of March 31st, there was short interest totaling 91,850 shares, a growth of 38.8% from the March 15th total of 66,175 shares. Based on an average daily volume of 60,175 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.2% of the company's stock are sold short.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on YB shares. Wall Street Zen lowered shares of Yuanbao from a "buy" rating to a "hold" rating in a report on Saturday, February 28th. Weiss Ratings reiterated a "hold (c)" rating on shares of Yuanbao in a research note on Friday, March 27th. Finally, Citigroup started coverage on shares of Yuanbao in a research note on Monday, February 23rd. They set a "neutral" rating and a $21.80 price target on the stock. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $21.80.

Yuanbao Price Performance

Shares of NASDAQ:YB opened at $18.22 on Wednesday. The company's fifty day moving average price is $19.17 and its 200 day moving average price is $20.26. Yuanbao has a 12 month low of $14.04 and a 12 month high of $31.00. The firm has a market capitalization of $821.36 million and a P/E ratio of 4.71.

Institutional Investors Weigh In On Yuanbao

Several hedge funds and other institutional investors have recently bought and sold shares of YB. Susquehanna International Group LLP acquired a new stake in Yuanbao during the 3rd quarter worth $59,613,000. WFM ASIA BVI Ltd grew its position in Yuanbao by 89.9% during the 3rd quarter. WFM ASIA BVI Ltd now owns 182,500 shares of the company's stock worth $3,584,000 after purchasing an additional 86,414 shares during the last quarter. Franchise GP Ltd purchased a new position in Yuanbao during the 4th quarter worth $1,351,000. JPMorgan Chase & Co. purchased a new position in Yuanbao during the 2nd quarter worth $454,000. Finally, Federated Hermes Inc. purchased a new position in Yuanbao during the 2nd quarter worth $370,000.

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.

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