So-Young International Inc. (NASDAQ:SY) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 1,560,000 shares, a drop of 22.4% from the March 31st total of 2,010,000 shares. Based on an average trading volume of 1,070,000 shares, the short-interest ratio is currently 1.5 days.
Shares of NASDAQ SY traded down $0.08 during mid-day trading on Tuesday, hitting $8.52. 17,169 shares of the stock traded hands, compared to its average volume of 971,223. So-Young International has a 52 week low of $8.43 and a 52 week high of $17.40. The company has a market cap of $921.64 million, a price-to-earnings ratio of 213.25 and a beta of 0.35. The stock has a fifty day moving average price of $9.93 and a 200-day moving average price of $12.00.
So-Young International (NASDAQ:SY) last released its quarterly earnings results on Sunday, March 21st. The company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.02. The company had revenue of $65.08 million for the quarter. So-Young International had a return on equity of 1.42% and a net margin of 3.07%.
Several research analysts have commented on SY shares. TheStreet downgraded So-Young International from a “c-” rating to a “d+” rating in a report on Thursday, April 8th. Needham & Company LLC cut their target price on So-Young International from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Monday, March 29th. Finally, Canaccord Genuity dropped their price objective on So-Young International from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Monday, March 29th.
A number of large investors have recently made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of So-Young International in the fourth quarter worth $62,000. Barclays PLC raised its stake in shares of So-Young International by 30.1% in the fourth quarter. Barclays PLC now owns 14,700 shares of the company’s stock worth $163,000 after purchasing an additional 3,400 shares during the last quarter. Group One Trading L.P. grew its holdings in shares of So-Young International by 27.5% in the fourth quarter. Group One Trading L.P. now owns 24,241 shares of the company’s stock worth $269,000 after acquiring an additional 5,231 shares during the period. Credit Suisse AG bought a new stake in shares of So-Young International in the fourth quarter worth $139,000. Finally, Commonwealth Equity Services LLC bought a new stake in shares of So-Young International in the first quarter worth $170,000. Institutional investors and hedge funds own 27.42% of the company’s stock.
So-Young International Company Profile
So-Young International Inc operates an online platform for medical aesthetics and consumption healthcare services focusing on discretionary medical treatments. Its platform enables users to discover content and share their own experience on medical aesthetics procedures, and leads users to reserve treatment services from medical aesthetic service providers for offline treatment in the People's Republic of China and internationally.
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