Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) Short Interest Update

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) saw a significant drop in short interest in December. As of December 15th, there was short interest totaling 11,559 shares, a drop of 16.7% from the November 30th total of 13,877 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 103,345 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 103,345 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

YB has been the subject of a number of recent research reports. Wall Street Zen upgraded Yuanbao from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Yuanbao in a report on Monday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Yuanbao currently has a consensus rating of “Hold”.

Yuanbao Price Performance

NASDAQ YB opened at $20.26 on Friday. The company has a market cap of $913.32 million and a P/E ratio of 7.06. Yuanbao has a 12 month low of $14.04 and a 12 month high of $31.00. The company has a 50-day moving average of $21.06 and a 200-day moving average of $23.05.

Yuanbao (NASDAQ:YB) last released its earnings results on Wednesday, December 3rd. The company reported $1.08 earnings per share (EPS) for the quarter. The company had revenue of $162.64 million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. WFM ASIA BVI Ltd acquired a new stake in Yuanbao during the second quarter worth about $2,020,000. JPMorgan Chase & Co. grew its holdings in shares of Yuanbao by 53.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 33,226 shares of the company’s stock worth $653,000 after purchasing an additional 11,607 shares during the period. Susquehanna International Group LLP acquired a new stake in Yuanbao during the 3rd quarter worth approximately $59,613,000. Finally, Federated Hermes Inc. acquired a new stake in Yuanbao during the 2nd quarter worth approximately $370,000.

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.