Yatsen Holding Limited Sponsored ADR (NYSE:YSG) Short Interest Down 32.5% in August

Yatsen Holding Limited Sponsored ADR (NYSE:YSG) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 106,028 shares, a drop of 32.5% from the July 30th total of 157,003 shares. Based on an average daily volume of 93,368 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.2% of the shares of the stock are sold short.

Yatsen Stock Performance

NYSE YSG opened at $2.55 on Thursday. The company has a market capitalization of $238.93 million, a P/E ratio of -12.13 and a beta of -1.54. Yatsen has a 52-week low of $2.15 and a 52-week high of $10.70. The company has a fifty day moving average of $3.28 and a 200-day moving average of $3.30.

Yatsen (NYSE:YSG) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.14) earnings per share for the quarter. The firm had revenue of $168.12 million for the quarter. Yatsen had a negative net margin of 3.04% and a negative return on equity of 4.54%.

Institutional Investors Weigh In On Yatsen

A number of hedge funds and other institutional investors have recently bought and sold shares of YSG. New York State Common Retirement Fund bought a new position in shares of Yatsen during the fourth quarter valued at $27,000. Persistent Asset Partners Ltd grew its position in Yatsen by 106.6% during the 4th quarter. Persistent Asset Partners Ltd now owns 10,332 shares of the company’s stock valued at $40,000 after purchasing an additional 5,332 shares during the last quarter. Bank of America Corp DE bought a new stake in Yatsen during the 4th quarter valued at about $42,000. Police & Firemen s Retirement System of New Jersey bought a new stake in Yatsen during the 4th quarter valued at about $47,000. Finally, Virtu Financial LLC purchased a new position in Yatsen in the fourth quarter worth about $48,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Yatsen in a report on Thursday, August 13th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Yatsen currently has a consensus rating of “Sell”.

About Yatsen

Yatsen Holding Limited (NYSE: YSG) is a Shanghai-based beauty and personal care company founded in 2016. The firm operates as a digital-first cosmetics provider, designing, developing and marketing its own brands to a primarily Chinese consumer base. Since its inception, Yatsen has focused on leveraging data analytics and social media engagement to drive product innovation and brand awareness.

The company’s core portfolio includes Perfect Diary, a color-cosmetics brand offering lipsticks, eyeshadows, foundations and related accessories; Little Ondine, which specializes in nail lacquers and nail care products; Winona, a sensitive-skin skincare line; and Abby’s Choice, which features targeted skincare treatments.