Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) Short Interest Update

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) was the recipient of a significant decline in short interest in January. As of January 30th, there was short interest totaling 18,496,973 shares, a decline of 15.2% from the January 15th total of 21,800,556 shares. Based on an average daily trading volume, of 7,918,664 shares, the short-interest ratio is currently 2.3 days. Currently, 2.1% of the shares of the stock are sold short. Currently, 2.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,918,664 shares, the short-interest ratio is currently 2.3 days.

Institutional Trading of Full Truck Alliance

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd increased its position in shares of Full Truck Alliance by 150.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,937 shares of the company’s stock worth $32,000 after acquiring an additional 1,762 shares in the last quarter. Hantz Financial Services Inc. grew its position in Full Truck Alliance by 642.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,784 shares of the company’s stock worth $45,000 after purchasing an additional 3,274 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Full Truck Alliance by 274.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock worth $46,000 after purchasing an additional 2,845 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in Full Truck Alliance during the 3rd quarter valued at $51,000. Finally, Banque de Luxembourg S.A. purchased a new stake in shares of Full Truck Alliance in the fourth quarter valued at $44,000. 39.02% of the stock is currently owned by institutional investors.

Full Truck Alliance Price Performance

Shares of NYSE YMM traded up $0.08 during mid-day trading on Wednesday, hitting $9.63. The company had a trading volume of 4,305,447 shares, compared to its average volume of 9,959,445. The stock has a market cap of $10.07 billion, a price-to-earnings ratio of 18.16 and a beta of 0.22. The firm’s 50 day simple moving average is $10.46 and its two-hundred day simple moving average is $11.70. Full Truck Alliance has a 12 month low of $9.39 and a 12 month high of $14.07.

Analysts Set New Price Targets

Several analysts have recently issued reports on YMM shares. JPMorgan Chase & Co. lowered Full Truck Alliance from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $11.00 to $8.00 in a research note on Monday, January 12th. Jefferies Financial Group set a $13.00 price target on shares of Full Truck Alliance in a research report on Monday, November 17th. iA Financial set a $8.00 price objective on shares of Full Truck Alliance in a research note on Monday, January 12th. Morgan Stanley set a $14.00 target price on shares of Full Truck Alliance in a research note on Monday, November 17th. Finally, Barclays reduced their target price on shares of Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 19th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $12.71.

Full Truck Alliance Company Profile

Full Truck Alliance (NYSE: YMM) operates a leading digital freight platform in China, connecting shippers with a vast network of independent truck drivers. The company’s core offering centers on load matching, enabling cargo owners to find suitable carriers quickly through a mobile and web-based interface. By streamlining the booking process, Full Truck Alliance helps reduce downtime and improves overall asset utilization for both shippers and drivers.

The platform features real-time route optimization, electronic waybills, digital payment solutions and in-app communication tools.