Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) Short Interest Down 42.6% in August

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 7,791 shares, a decrease of 42.6% from the August 15th total of 13,566 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 29,850 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Yuanbao stock. Ramsey Quantitative Systems acquired a new stake in Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,489 shares of the company’s stock, valued at approximately $160,000. Yuanbao accounts for 0.1% of Ramsey Quantitative Systems’ portfolio, making the stock its 26th biggest holding.

Yuanbao Price Performance

YB stock opened at $12.23 on Friday. The stock has a market capitalization of $551.33 million, a price-to-earnings ratio of 2.72 and a beta of 0.44. The company has a 50-day moving average of $13.64 and a two-hundred day moving average of $15.49. Yuanbao has a 52-week low of $12.01 and a 52-week high of $24.40.

Yuanbao (NASDAQ:YB) last posted its quarterly earnings data on Friday, September 11th. The company reported $1.26 EPS for the quarter. Yuanbao had a return on equity of 43.75% and a net margin of 29.91%.The business had revenue of $204.92 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Yuanbao from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.80.

About Yuanbao

Yuanbao Inc (NASDAQ: YB) is a China-based insurance technology company that operates a digital platform for the distribution of insurance products. The company uses online and mobile channels to connect consumers with insurance offerings from participating insurers.

Yuanbao’s business primarily focuses on health and life insurance products, along with related digital insurance services. Its platform is designed to support product discovery, application, and policy management, while helping insurance providers reach individual customers through technology-enabled distribution.

The company serves customers in China through its online platform.