Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) Sees Significant Increase in Short Interest

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) was the recipient of a significant increase in short interest during 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. Based on an average daily volume of 28,464 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On Yuanbao

A hedge fund recently bought a new position in Yuanbao stock. Ramsey Quantitative Systems bought a new position in Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 10,489 shares of the company’s stock, valued at approximately $160,000. Yuanbao accounts for approximately 0.1% of Ramsey Quantitative Systems’ investment portfolio, making the stock its 26th biggest holding.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Yuanbao from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Yuanbao presently has a consensus rating of “Reduce” and an average price target of $21.80.

Yuanbao Price Performance

Shares of NASDAQ YB opened at $11.14 on Thursday. Yuanbao has a one year low of $11.01 and a one year high of $24.40. The firm’s 50 day simple moving average is $13.04 and its two-hundred day simple moving average is $14.59. The stock has a market capitalization of $502.19 million, a P/E ratio of 2.48 and a beta of 0.56.

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

Yuanbao Company Profile

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.