Short Interest in Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) Expands By 3,067.2%

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 105,025 shares, an increase of 3,067.2% from the December 31st total of 3,316 shares. Based on an average daily trading volume, of 61,523 shares, the short-interest ratio is presently 1.7 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 61,523 shares, the short-interest ratio is presently 1.7 days.

Yuanbao Stock Up 1.9%

NASDAQ YB opened at $20.04 on Thursday. Yuanbao has a 52 week low of $14.04 and a 52 week high of $31.00. The business’s fifty day simple moving average is $20.41 and its 200-day simple moving average is $22.70. The firm has a market cap of $903.40 million and a PE ratio of 6.98.

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

Institutional Trading of Yuanbao

Institutional investors and hedge funds have recently bought and sold shares of the business. WFM ASIA BVI Ltd purchased a new position in shares of Yuanbao in the 2nd quarter valued at about $2,020,000. Franchise GP Ltd acquired a new position in Yuanbao during the 4th quarter worth approximately $1,351,000. Susquehanna International Group LLP purchased a new stake in shares of Yuanbao in the 3rd quarter valued at approximately $59,613,000. JPMorgan Chase & Co. raised its holdings in shares of Yuanbao by 53.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 33,226 shares of the company’s stock valued at $653,000 after purchasing an additional 11,607 shares in the last quarter. Finally, Federated Hermes Inc. purchased a new stake in shares of Yuanbao during the 2nd quarter worth $370,000.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Yuanbao in a research note on Monday, December 29th. Wall Street Zen raised shares of Yuanbao from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Yuanbao presently has a consensus rating of “Hold”.

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.