Short Interest in Maase Inc. – Sponsored ADR (NASDAQ:MAAS) Grows By 198.5%

Maase Inc. – Sponsored ADR (NASDAQ:MAAS) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 139,586 shares, a growth of 198.5% from the April 15th total of 46,769 shares. Currently, 7.1% of the shares of the stock are short sold. Based on an average daily volume of 857,213 shares, the days-to-cover ratio is currently 0.2 days.

Maase Stock Performance

NASDAQ:MAAS traded down $0.04 during trading hours on Friday, reaching $10.10. The stock had a trading volume of 14,622 shares, compared to its average volume of 492,492. Maase has a 52 week low of $2.41 and a 52 week high of $20.89. The company has a 50 day moving average price of $7.30 and a two-hundred day moving average price of $5.78.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Maase to a “hold” rating in a research note on Saturday.

Maase Company Profile

Puyi Inc provides third-party wealth management services in China. The company distributes publicly raised fund and privately raised securities investment fund products through online and offline. It also provides asset management services that include managing fund of funds and non-performing loan funds; and corporate financing services. Puyi Inc was incorporated in 2018 and is headquartered in Guangzhou, China.