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

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) was the recipient of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 66,175 shares, a drop of 12.9% from the February 26th total of 75,972 shares. Based on an average daily trading volume, of 33,398 shares, the days-to-cover ratio is currently 2.0 days. Currently, 0.1% of the shares of the company are short sold.

Wall Street Analyst Weigh In

YB has been the topic of several recent research reports. Citigroup assumed coverage on Yuanbao in a research report on Monday, February 23rd. They issued a “neutral” rating and a $21.80 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Yuanbao in a research note on Friday. Finally, Wall Street Zen lowered Yuanbao from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Yuanbao presently has an average rating of “Hold” and an average target price of $21.80.

Institutional Investors Weigh In On Yuanbao

A number of institutional investors have recently added to or reduced their stakes in YB. JPMorgan Chase & Co. increased its position in Yuanbao by 53.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 33,226 shares of the company’s stock worth $653,000 after purchasing an additional 11,607 shares during the period. Barclays PLC lifted its holdings in shares of 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 buying an additional 17,105 shares during the period. Federated Hermes Inc. purchased a new stake in shares of Yuanbao in the second quarter valued at approximately $370,000. Franchise GP Ltd purchased a new stake in shares of Yuanbao in the fourth quarter valued at approximately $1,351,000. Finally, WFM ASIA BVI Ltd grew its holdings in 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 acquiring an additional 86,414 shares during the period.

Yuanbao Stock Performance

YB stock opened at $17.64 on Wednesday. Yuanbao has a one year low of $14.04 and a one year high of $31.00. The company has a fifty day moving average of $19.41 and a 200-day moving average of $20.52. The stock has a market capitalization of $795.21 million and a PE ratio of 4.56.

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.