Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) Stock Short Interest Report for September

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 17,501 shares, an increase of 121.8% from the September 15th total of 7,890 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 28,464 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Yuanbao stock. Ramsey Quantitative Systems purchased a new stake in Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 10,489 shares of the company’s stock, valued at approximately $160,000. Yuanbao accounts for approximately 0.1% of Ramsey Quantitative Systems’ holdings, making the stock its 26th largest position.

Yuanbao Price Performance

NASDAQ YB opened at $11.62 on Tuesday. Yuanbao has a 1 year low of $11.55 and a 1 year high of $24.40. The company has a market capitalization of $524.05 million, a PE ratio of 2.58 and a beta of 0.56. The company has a fifty day moving average of $13.14 and a 200 day moving average of $14.67.

Yuanbao (NASDAQ:YB) last posted its earnings results on Friday, September 11th. The company reported $1.26 earnings per share (EPS) for the quarter. Yuanbao had a net margin of 29.91% and a return on equity of 43.75%. The firm had revenue of $204.92 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Yuanbao from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $21.80.

About Yuanbao

Yuanbao Inc (NASDAQ: YB) is a China-based insurance technology company that operates a digital platform for the distribution of insurance products. The company uses online tools and data-driven technology to connect consumers with insurance coverage and support insurance agents in serving customers.

Yuanbao’s business primarily focuses on life and health insurance products, along with other types of coverage available through its platform. Its services are designed to help users learn about insurance options, compare products, complete applications and receive policy-related support.