Short Interest in Maase Inc. – Sponsored ADR (NASDAQ:MAAS) Grows By 118.0%

Maase Inc. – Sponsored ADR (NASDAQ:MAAS) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 240,407 shares, an increase of 118.0% from the June 15th total of 110,303 shares. Currently, 12.2% of the company’s stock are short sold. Based on an average daily volume of 200,389 shares, the days-to-cover ratio is presently 1.2 days.

Maase Stock Performance

Maase stock traded up $1.46 during mid-day trading on Wednesday, hitting $15.57. The company’s stock had a trading volume of 29,785 shares, compared to its average volume of 128,451. The company has a 50 day moving average of $13.08 and a 200-day moving average of $8.66. Maase has a one year low of $2.85 and a one year high of $24.90.

Maase (NASDAQ:MAAS) last announced its quarterly earnings data on Tuesday, June 23rd. The company reported ($64.61) earnings per share (EPS) for the quarter. The company had revenue of $0.22 million during the quarter.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wall Street Zen raised shares of Maase to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings initiated coverage on Maase in a research report on Monday, June 29th. They issued a “sell (d)” rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Maase Company Profile

Puyi Inc provides third-party wealth management services in China. The company distributes publicly raised fund and privately raised securities investment fund products through online and offline. It also provides asset management services that include managing fund of funds and non-performing loan funds; and corporate financing services. Puyi Inc was incorporated in 2018 and is headquartered in Guangzhou, China.