Puyi Inc. (NASDAQ:PUYI) saw a large decrease in short interest in August. As of August 31st, there was short interest totalling 39,900 shares, a decrease of 77.0% from the August 15th total of 173,800 shares. Based on an average trading volume of 7,200 shares, the days-to-cover ratio is currently 5.5 days.
PUYI opened at $4.99 on Wednesday. The stock has a 50-day moving average of $5.05 and a 200-day moving average of $5.22. Puyi has a 52-week low of $3.69 and a 52-week high of $9.11.
An institutional investor recently bought a new position in Puyi stock. Citadel Advisors LLC acquired a new position in Puyi Inc. (NASDAQ:PUYI) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 14,811 shares of the company’s stock, valued at approximately $80,000. 0.05% of the stock is currently owned by institutional investors.
Puyi, Inc engages in the provision of distribution and managing wealth management services. It offers wealth management, corporate finance, and asset management services. The company was founded by Hai Feng Yu on August 6, 2018 and is headquartered in Guangzhou, China.
Featured Article: What is a Fibonacci Channel?
Receive News & Ratings for Puyi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Puyi and related companies with MarketBeat.com's FREE daily email newsletter.