YHN Acquisition I Limited (NASDAQ:YHNA – Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 635,624 shares, a growth of 1,297,091.8% from the August 15th total of 49 shares. Based on an average daily trading volume, of 58,676 shares, the short-interest ratio is presently 10.8 days. Approximately 15.3% of the company’s stock are sold short.
Institutional Investors Weigh In On YHN Acquisition I
An institutional investor recently bought a new position in YHN Acquisition I stock. JPMorgan Chase & Co. bought a new position in shares of YHN Acquisition I Limited (NASDAQ:YHNA – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 344,106 shares of the company’s stock, valued at approximately $3,599,000. JPMorgan Chase & Co. owned about 4.31% of YHN Acquisition I as of its most recent filing with the Securities & Exchange Commission.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “sell (d)” rating on shares of YHN Acquisition I in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.
YHN Acquisition I Stock Down 0.5%
NASDAQ:YHNA opened at $11.04 on Friday. YHN Acquisition I has a twelve month low of $10.45 and a twelve month high of $12.00. The stock’s 50 day moving average price is $10.99 and its two-hundred day moving average price is $10.86.
YHN Acquisition I (NASDAQ:YHNA – Get Free Report) last released its quarterly earnings data on Friday, August 14th. The company reported $0.07 EPS for the quarter.
YHN Acquisition I Company Profile
YH Acquisition I Co is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the NASDAQ under the ticker YHNA. As a blank‐check vehicle, the company was formed to effect one or more business combinations, mergers, share exchanges or similar transactions with one or more operating businesses or assets. It does not have operations of its own and holds its proceeds in a trust account until completion of a qualifying transaction.
The firm’s sponsor, YH Capital Partners, brings experience in growth capital and private equity investing across technology, consumer, and industrial sectors.
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