Yatsen Holding Limited (NYSE:YSG) Short Interest Down 48.5% in March

Yatsen Holding Limited (NYSE:YSG) was the target of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 1,190,000 shares, a decrease of 48.5% from the February 29th total of 2,310,000 shares. Approximately 1.7% of the company’s shares are short sold. Based on an average daily trading volume, of 307,000 shares, the short-interest ratio is currently 3.9 days.

Hedge Funds Weigh In On Yatsen

Several large investors have recently made changes to their positions in YSG. BlackRock Inc. lifted its holdings in Yatsen by 14.3% during the 1st quarter. BlackRock Inc. now owns 949,118 shares of the company’s stock worth $651,000 after buying an additional 118,674 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Yatsen by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 2,347,522 shares of the company’s stock valued at $1,611,000 after buying an additional 33,334 shares during the last quarter. Ergoteles LLC grew its position in Yatsen by 355.6% during the 1st quarter. Ergoteles LLC now owns 787,569 shares of the company’s stock worth $541,000 after purchasing an additional 614,702 shares during the last quarter. Renaissance Technologies LLC grew its position in Yatsen by 131.6% during the 1st quarter. Renaissance Technologies LLC now owns 5,368,600 shares of the company’s stock worth $3,686,000 after purchasing an additional 3,050,969 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in shares of Yatsen in the first quarter valued at about $666,000.

Yatsen Stock Performance

Shares of Yatsen stock remained flat at $2.11 during mid-day trading on Thursday. 464,245 shares of the stock traded hands, compared to its average volume of 326,762. The firm’s 50-day simple moving average is $2.82 and its 200-day simple moving average is $3.78. Yatsen has a twelve month low of $1.99 and a twelve month high of $7.70. The company has a market cap of $156.94 million, a price-to-earnings ratio of -2.10 and a beta of -2.17.

Yatsen Company Profile

Yatsen Holding Limited, together with its subsidiaries, engages in the development and sale of beauty products under the Perfect Diary, Little Ondine, Pink Bear, Abby's Choice, GalÃnic, DR.WU, Eve Lom, and EANTiM brands in the People's Republic of China. The company offers color cosmetics for lips, eyes, and face; skin care products, including face serums and creams, eye creams, masks, toners, makeup removers, cleansers, ampoules, and anti-acne patches; and beauty tools and kits, sunscreen products, colored contact lenses, and beauty devices.