YHN Acquisition I Limited (NASDAQ:YHNA) Short Interest Up 1,297,091.8% in August

YHN Acquisition I Limited (NASDAQ:YHNA) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 635,624 shares, an increase of 1,297,091.8% from the August 15th total of 49 shares. Currently, 15.3% of the company’s stock are short sold. Based on an average daily volume of 58,676 shares, the days-to-cover ratio is currently 10.8 days.

YHN Acquisition I Price Performance

Shares of NASDAQ YHNA traded down $0.05 during midday trading on Thursday, reaching $11.05. 3,569 shares of the company traded hands, compared to its average volume of 14,496. The stock has a 50-day moving average price of $10.98 and a 200 day moving average price of $10.85. YHN Acquisition I has a 52 week low of $10.45 and a 52 week high of $12.00.

YHN Acquisition I (NASDAQ:YHNA) last posted its quarterly earnings data on Friday, August 14th. The company reported $0.07 EPS for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of YHN Acquisition I in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, YHN Acquisition I presently has an average rating of “Sell”.

Hedge Funds Weigh In On YHN Acquisition I

An institutional investor recently bought a new position in YHN Acquisition I stock. JPMorgan Chase & Co. acquired a new position in shares of YHN Acquisition I Limited (NASDAQ:YHNA) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 344,106 shares of the company’s stock, valued at approximately $3,599,000. JPMorgan Chase & Co. owned 4.31% of YHN Acquisition I at the end of the most recent quarter.

YHN Acquisition I Company Profile

YH Acquisition I Co is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the NASDAQ under the ticker YHNA. As a blank‐check vehicle, the company was formed to effect one or more business combinations, mergers, share exchanges or similar transactions with one or more operating businesses or assets. It does not have operations of its own and holds its proceeds in a trust account until completion of a qualifying transaction.

The firm’s sponsor, YH Capital Partners, brings experience in growth capital and private equity investing across technology, consumer, and industrial sectors.