Yatsen Holding Limited Sponsored ADR (NYSE:YSG) Sees Large Decline in Short Interest

Yatsen Holding Limited Sponsored ADR (NYSE:YSG) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 106,028 shares, a drop of 32.5% from the July 30th total of 157,003 shares. Based on an average trading volume of 93,368 shares, the short-interest ratio is presently 1.1 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Yatsen

Institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC boosted its stake in shares of Yatsen by 18.2% during the 1st quarter. Renaissance Technologies LLC now owns 612,593 shares of the company’s stock worth $1,887,000 after acquiring an additional 94,286 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Yatsen during the fourth quarter worth $377,000. Virtu Financial LLC purchased a new stake in shares of Yatsen during the fourth quarter valued at $48,000. XTX Topco Ltd lifted its holdings in shares of Yatsen by 487.9% during the fourth quarter. XTX Topco Ltd now owns 67,376 shares of the company’s stock valued at $262,000 after purchasing an additional 55,916 shares during the last quarter. Finally, Yiheng Capital Management L.P. boosted its position in shares of Yatsen by 282.4% in the 4th quarter. Yiheng Capital Management L.P. now owns 368,347 shares of the company’s stock valued at $1,433,000 after purchasing an additional 272,019 shares during the period.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Yatsen in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Yatsen Stock Down 0.6%

Yatsen stock traded down $0.02 during mid-day trading on Tuesday, hitting $2.73. 16,706 shares of the company’s stock traded hands, compared to its average volume of 128,323. Yatsen has a one year low of $2.15 and a one year high of $10.70. The firm has a 50 day moving average price of $3.31 and a 200 day moving average price of $3.33. The company has a market cap of $256.48 million, a PE ratio of -12.93 and a beta of -1.55.

Yatsen Company Profile

Yatsen Holding Limited (NYSE: YSG) is a Shanghai-based beauty and personal care company founded in 2016. The firm operates as a digital-first cosmetics provider, designing, developing and marketing its own brands to a primarily Chinese consumer base. Since its inception, Yatsen has focused on leveraging data analytics and social media engagement to drive product innovation and brand awareness.

The company’s core portfolio includes Perfect Diary, a color-cosmetics brand offering lipsticks, eyeshadows, foundations and related accessories; Little Ondine, which specializes in nail lacquers and nail care products; Winona, a sensitive-skin skincare line; and Abby’s Choice, which features targeted skincare treatments.