Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) Sees Significant Decrease in Short Interest

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 11,245 shares, a decrease of 35.7% from the September 30th total of 17,501 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 56,048 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Yuanbao

An institutional investor recently raised its stake in Yuanbao stock. Ramsey Quantitative Systems raised its position in Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) by 72.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,073 shares of the company’s stock after purchasing an additional 7,584 shares during the quarter. Yuanbao accounts for approximately 0.2% of Ramsey Quantitative Systems’ holdings, making the stock its 10th largest holding. Ramsey Quantitative Systems’ holdings in Yuanbao were worth $225,000 at the end of the most recent reporting period.

Analysts Set New Price Targets

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

Yuanbao Trading Down 0.9%

NASDAQ YB opened at $10.86 on Wednesday. The company has a 50 day moving average of $12.35 and a 200-day moving average of $15.57. Yuanbao has a 1-year low of $10.72 and a 1-year high of $23.65. The firm has a market cap of $489.57 million, a price-to-earnings ratio of 2.44 and a beta of 0.67.

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

About Yuanbao

Yuanbao Inc (NASDAQ: YB) is a China-based technology-driven insurance distribution company. The company operates an online platform that connects consumers with insurance products offered by third-party insurance carriers.

Yuanbao’s platform primarily focuses on personal protection products, including health, life, accident and other insurance offerings. Its services are designed to help customers compare, purchase and manage policies through digital channels, while using data and technology to support product distribution and customer service.

The company primarily serves customers in China through online platforms and mobile applications.