Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) Stock Short Interest Rises 121.8%

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 17,501 shares, a growth of 121.8% from the September 15th total of 7,890 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 28,464 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Yuanbao stock. Ramsey Quantitative Systems bought a new position in Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,489 shares of the company’s stock, valued at approximately $160,000. Yuanbao makes up about 0.1% of Ramsey Quantitative Systems’ holdings, making the stock its 26th biggest holding.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Yuanbao from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $21.80.

Yuanbao Price Performance

Shares of YB opened at $11.41 on Wednesday. The company has a market capitalization of $514.36 million, a price-to-earnings ratio of 2.54 and a beta of 0.56. Yuanbao has a fifty-two week low of $11.31 and a fifty-two week high of $24.40. The business’s 50-day moving average is $13.09 and its 200-day moving average is $14.63.

Yuanbao (NASDAQ:YB) last posted its quarterly earnings results on Friday, September 11th. The company reported $1.26 earnings per share (EPS) for the quarter. The business had revenue of $204.92 million during the quarter. Yuanbao had a net margin of 29.91% and a return on equity of 43.75%.

Yuanbao Company Profile

Yuanbao Inc (NASDAQ: YB) is a China-based insurance technology company that operates a digital platform for the distribution of insurance products. The company uses online tools and data-driven technology to connect consumers with insurance coverage and support insurance agents in serving customers.

Yuanbao’s business primarily focuses on life and health insurance products, along with other types of coverage available through its platform. Its services are designed to help users learn about insurance options, compare products, complete applications and receive policy-related support.