YHN Acquisition I (NASDAQ:YHNA) Shares Up 0.1% – Should You Buy?

YHN Acquisition I Limited (NASDAQ:YHNA) shot up 0.1% during mid-day trading on Friday . The stock traded as high as $10.67 and last traded at $10.67. 100 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 728 shares. The stock had previously closed at $10.66.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of YHN Acquisition I in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

YHN Acquisition I Trading Up 0.1%

The company has a 50-day moving average price of $10.74 and a 200-day moving average price of $10.59.

Hedge Funds Weigh In On YHN Acquisition I

Several hedge funds have recently made changes to their positions in YHNA. Wolverine Asset Management LLC increased its holdings in shares of YHN Acquisition I by 33.1% in the 2nd quarter. Wolverine Asset Management LLC now owns 244,978 shares of the company’s stock valued at $2,532,000 after acquiring an additional 60,903 shares during the period. Mangrove Partners IM LLC purchased a new position in YHN Acquisition I in the 3rd quarter valued at $3,223,000. JPMorgan Chase & Co. acquired a new position in YHN Acquisition I in the 3rd quarter valued at $3,599,000. Finally, Berkley W R Corp raised its position in YHN Acquisition I by 33.7% during the 2nd quarter. Berkley W R Corp now owns 673,553 shares of the company’s stock worth $6,962,000 after buying an additional 169,637 shares during the last quarter.

YHN Acquisition I Company Profile

YH Acquisition I Co is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the NASDAQ under the ticker YHNA. As a blank‐check vehicle, the company was formed to effect one or more business combinations, mergers, share exchanges or similar transactions with one or more operating businesses or assets. It does not have operations of its own and holds its proceeds in a trust account until completion of a qualifying transaction.

The firm’s sponsor, YH Capital Partners, brings experience in growth capital and private equity investing across technology, consumer, and industrial sectors.