Maase Inc. (NASDAQ:MAAS) Shares Shorted: Short Interest Up 95.2% in September

Maase Inc. (NASDAQ:MAAS) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 551,450 shares, an increase of 95.2% from the September 15th total of 282,542 shares. Based on an average daily trading volume, of 828,108 shares, the days-to-cover ratio is currently 0.7 days. Currently, 27.9% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Maase in a research note on Friday, September 25th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Maase Stock Down 4.7%

Shares of NASDAQ MAAS traded down $0.59 during midday trading on Friday, reaching $12.02. The company’s stock had a trading volume of 46,871 shares, compared to its average volume of 170,512. Maase has a one year low of $2.91 and a one year high of $24.90. The company has a 50 day moving average price of $15.53 and a 200 day moving average price of $13.61.

Maase Company Profile

Maase Inc operates as an integrated provider and operator of an artificial intelligence AI-centric full-scene digital systems. The company focuses on areas of flexible energy deployment and intelligent commercial network operation, and provide closed-loop solutions from computing infrastructure, smart hardware and full-scene services, aiming to achieve large-scale implementation of AI technologies across industries. The company was founded in 2010 and is based in Chengdu, China.