Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) Short Interest Update

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 38,285 shares, a decrease of 39.1% from the May 14th total of 62,864 shares. Based on an average daily volume of 41,874 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.1% of the company’s stock are short sold.

Yuanbao Trading Down 1.7%

NASDAQ YB opened at $15.55 on Wednesday. The stock has a 50 day moving average of $15.89 and a 200-day moving average of $18.45. Yuanbao has a 12 month low of $12.01 and a 12 month high of $31.00. The company has a market cap of $700.99 million, a PE ratio of 3.76 and a beta of 0.47.

Yuanbao Dividend Announcement

The company also recently declared an annual dividend, which will be paid on Tuesday, July 28th. Investors of record on Thursday, July 2nd will be issued a dividend of $1.26 per share. This represents a yield of 766.0%. The ex-dividend date of this dividend is Thursday, July 2nd. Yuanbao’s dividend payout ratio (DPR) is presently 30.43%.

Institutional Trading of Yuanbao

Hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP acquired a new stake in shares of Yuanbao during the third quarter worth $59,613,000. WFM ASIA BVI Ltd lifted its holdings in shares of Yuanbao by 89.9% during the third quarter. WFM ASIA BVI Ltd now owns 182,500 shares of the company’s stock worth $3,584,000 after buying an additional 86,414 shares in the last quarter. Franchise GP Ltd acquired a new stake in shares of Yuanbao during the fourth quarter worth $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.

Analyst Ratings Changes

A number of equities analysts have weighed in on YB shares. Citigroup started coverage on Yuanbao in a research report on Monday, February 23rd. They set a “neutral” rating and a $21.80 price target for the company. Weiss Ratings raised Yuanbao from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. Finally, Wall Street Zen downgraded Yuanbao from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $21.80.

About Yuanbao

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.