Short Interest in Yunji Inc. Sponsored ADR (NASDAQ:YJ) Rises By 244.9%

Yunji Inc. Sponsored ADR (NASDAQ:YJ) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 72,720 shares, an increase of 244.9% from the July 30th total of 21,087 shares. Currently, 2.7% of the shares of the company are sold short. Based on an average daily volume of 5,643,802 shares, the days-to-cover ratio is presently 0.0 days.

Yunji Stock Down 12.9%

Yunji stock opened at $2.78 on Friday. The stock has a market cap of $13.71 million, a price-to-earnings ratio of -0.82 and a beta of 0.20. The business has a 50-day simple moving average of $1.82 and a 200 day simple moving average of $1.71. Yunji has a 52 week low of $1.11 and a 52 week high of $13.97.

Yunji (NASDAQ:YJ) last issued its quarterly earnings results on Thursday, August 20th. The company reported ($1.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.87). The firm had revenue of $7.09 million during the quarter, compared to analysts’ expectations of $16.83 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Yunji from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Yunji Company Profile

Yunji Inc is a China-based social commerce company that operates a membership-focused e-commerce platform. The company offers a curated selection of lifestyle products, positioning itself as a bridge between manufacturers and end consumers. By combining technology with a membership community, Yunji aims to deliver a personalized shopping experience that emphasizes quality, affordability and social interaction.

The platform’s product portfolio spans beauty and personal care, health and wellness, household essentials, food and beverage, apparel and accessories.