Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) Short Interest Down 51.4% in June

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 16,160 shares, a decrease of 51.4% from the June 15th total of 33,226 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 31,633 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Yuanbao

Several institutional investors and hedge funds have recently added to or reduced their stakes in YB. JPMorgan Chase & Co. acquired a new position in Yuanbao in the 2nd quarter valued at approximately $454,000. Federated Hermes Inc. acquired a new stake in shares of Yuanbao during the 2nd quarter worth approximately $370,000. Susquehanna International Group LLP bought a new stake in shares of Yuanbao during the third quarter valued at approximately $59,613,000. Franchise GP Ltd acquired a new position in shares of Yuanbao in the fourth quarter valued at $1,351,000. Finally, Barclays PLC raised its stake in shares of Yuanbao by 68.7% in the fourth quarter. Barclays PLC now owns 41,988 shares of the company’s stock valued at $851,000 after purchasing an additional 17,105 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on YB. Wall Street Zen lowered shares of Yuanbao from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings cut shares of Yuanbao from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 30th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Yuanbao presently has an average rating of “Hold” and an average target price of $21.80.

Yuanbao Stock Up 0.3%

Yuanbao stock traded up $0.04 during mid-day trading on Wednesday, reaching $13.87. The company had a trading volume of 8,688 shares, compared to its average volume of 47,431. The firm has a market cap of $625.03 million, a price-to-earnings ratio of 3.35 and a beta of 0.39. The company has a 50 day moving average of $14.78 and a 200-day moving average of $17.63. Yuanbao has a 52 week low of $12.01 and a 52 week high of $30.50.

Yuanbao Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Tuesday, July 28th. Investors of record on Thursday, July 2nd will be paid a $1.26 dividend. This represents a dividend yield of 839.0%. The ex-dividend date is Thursday, July 2nd. Yuanbao’s dividend payout ratio (DPR) is presently 29.95%.

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.