Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) Sees Large Decline in Short Interest

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 38,285 shares, a decline of 39.1% from the May 14th total of 62,864 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 41,874 shares, the short-interest ratio is presently 0.9 days.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Citigroup assumed coverage on Yuanbao in a report on Monday, February 23rd. They set a “neutral” rating and a $21.80 price target on the stock. Weiss Ratings cut Yuanbao from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Finally, Wall Street Zen downgraded Yuanbao from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Yuanbao has an average rating of “Hold” and a consensus price target of $21.80.

Yuanbao Trading Up 1.2%

Shares of YB opened at $15.82 on Tuesday. The company has a market capitalization of $713.17 million, a PE ratio of 3.82 and a beta of 0.47. Yuanbao has a 12 month low of $12.01 and a 12 month high of $31.00. The stock’s 50-day moving average price is $15.96 and its two-hundred day moving average price is $18.49.

Yuanbao Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Thursday, July 2nd will be issued a dividend of $1.26 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a yield of 766.0%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of YB. JPMorgan Chase & Co. acquired a new position in Yuanbao during the 2nd quarter worth about $454,000. Federated Hermes Inc. bought a new position in shares of Yuanbao in the 2nd quarter worth about $370,000. WFM ASIA BVI Ltd raised its position in shares of Yuanbao by 89.9% in the 3rd quarter. WFM ASIA BVI Ltd now owns 182,500 shares of the company’s stock worth $3,584,000 after acquiring an additional 86,414 shares in the last quarter. Susquehanna International Group LLP bought a new position in shares of Yuanbao in the 3rd quarter worth about $59,613,000. Finally, Franchise GP Ltd bought a new position in shares of Yuanbao in the 4th quarter worth about $1,351,000.

Yuanbao Company Profile

Our mission is to protect health and well-being through technology. We are a leading technology-driven online insurance distributor in China. We take pride in pioneering the seamless integration of insurance with cutting-edge technologies, and have constructed a highly efficient full consumer service cycle engine. Through this engine, we successfully distribute suitable and high-quality insurance products to over ten million insurance consumers. According to Frost & Sullivan, we were the largest independent insurance distributor in China’s personal life and accident & health (A&H) insurance market in terms of first year premiums in 2023.