Short Interest in Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) Declines By 39.1%

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 38,285 shares, a drop of 39.1% from the May 14th total of 62,864 shares. Based on an average daily volume of 41,874 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.1% of the company’s stock are sold short.

Yuanbao Stock Performance

Shares of NASDAQ YB traded up $0.17 during midday trading on Monday, reaching $15.80. 42,940 shares of the company’s stock were exchanged, compared to its average volume of 47,640. Yuanbao has a 52-week low of $12.01 and a 52-week high of $31.00. The stock has a market capitalization of $712.04 million, a PE ratio of 3.82 and a beta of 0.47. The business’s fifty day moving average price is $16.02 and its two-hundred day moving average price is $18.51.

Yuanbao Dividend Announcement

The company also recently disclosed an annual dividend, which will be paid on Tuesday, July 28th. Investors of record on Thursday, July 2nd will be issued a $1.26 dividend. This represents a yield of 766.0%. The ex-dividend date of this dividend is Thursday, July 2nd.

Analysts Set New Price Targets

Several research analysts have commented on YB shares. Citigroup started coverage on Yuanbao in a research report on Monday, February 23rd. They issued a “neutral” rating and a $21.80 price objective on the stock. Weiss Ratings lowered Yuanbao from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen lowered Yuanbao from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, Yuanbao currently has an average rating of “Hold” and a consensus price target of $21.80.

Hedge Funds Weigh In On Yuanbao

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Franchise GP Ltd acquired a new position in Yuanbao in the fourth quarter valued at approximately $1,351,000. WFM ASIA BVI Ltd boosted its stake in Yuanbao by 89.9% in the third quarter. WFM ASIA BVI Ltd now owns 182,500 shares of the company’s stock valued at $3,584,000 after acquiring an additional 86,414 shares during the period. JPMorgan Chase & Co. boosted its stake in Yuanbao by 53.7% in the third quarter. JPMorgan Chase & Co. now owns 33,226 shares of the company’s stock valued at $653,000 after acquiring an additional 11,607 shares during the period. Susquehanna International Group LLP acquired a new position in Yuanbao in the third quarter valued at approximately $59,613,000. Finally, Barclays PLC boosted its stake in Yuanbao by 68.7% in the fourth quarter. Barclays PLC now owns 41,988 shares of the company’s stock valued at $851,000 after acquiring an additional 17,105 shares during the period.

About Yuanbao

Our mission is to protect health and well-being through technology. We are a leading technology-driven online insurance distributor in China. We take pride in pioneering the seamless integration of insurance with cutting-edge technologies, and have constructed a highly efficient full consumer service cycle engine. Through this engine, we successfully distribute suitable and high-quality insurance products to over ten million insurance consumers. According to Frost & Sullivan, we were the largest independent insurance distributor in China’s personal life and accident & health (A&H) insurance market in terms of first year premiums in 2023.