Maase Inc. – Sponsored ADR (NASDAQ:MAAS) Sees Large Growth in Short Interest

Maase Inc. – Sponsored ADR (NASDAQ:MAAS) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 240,407 shares, a growth of 118.0% from the June 15th total of 110,303 shares. Currently, 12.2% of the company’s stock are sold short. Based on an average daily trading volume, of 200,389 shares, the short-interest ratio is presently 1.2 days.

Maase Price Performance

MAAS opened at $20.95 on Friday. The firm has a 50 day moving average price of $13.46 and a 200-day moving average price of $8.85. Maase has a twelve month low of $2.85 and a twelve month high of $24.90.

Maase (NASDAQ:MAAS) last issued its earnings results on Tuesday, June 23rd. The company reported ($64.61) earnings per share (EPS) for the quarter. The company had revenue of $0.22 million for the quarter.

Wall Street Analyst Weigh In

MAAS has been the subject of a number of recent research reports. Wall Street Zen upgraded Maase to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings began coverage on Maase in a report on Monday, June 29th. They issued a “sell (d)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

About Maase

Puyi Inc provides third-party wealth management services in China. The company distributes publicly raised fund and privately raised securities investment fund products through online and offline. It also provides asset management services that include managing fund of funds and non-performing loan funds; and corporate financing services. Puyi Inc was incorporated in 2018 and is headquartered in Guangzhou, China.