Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) Short Interest Down 18.3% in December

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 20,308,803 shares, a decrease of 18.3% from the December 15th total of 24,859,838 shares. Based on an average trading volume of 4,258,250 shares, the short-interest ratio is currently 4.8 days. Currently, 2.3% of the shares of the company are sold short. Currently, 2.3% of the shares of the company are sold short. Based on an average trading volume of 4,258,250 shares, the short-interest ratio is currently 4.8 days.

Hedge Funds Weigh In On Full Truck Alliance

A number of hedge funds and other institutional investors have recently made changes to their positions in YMM. Schroder Investment Management Group increased its holdings in Full Truck Alliance by 2,789.6% in the 3rd quarter. Schroder Investment Management Group now owns 33,333,051 shares of the company’s stock valued at $432,330,000 after purchasing an additional 32,179,501 shares in the last quarter. First Beijing Investment Ltd lifted its position in Full Truck Alliance by 73.8% in the third quarter. First Beijing Investment Ltd now owns 68,645,580 shares of the company’s stock worth $890,333,000 after purchasing an additional 29,150,926 shares during the period. Invesco Ltd. increased its holdings in shares of Full Truck Alliance by 66.4% in the third quarter. Invesco Ltd. now owns 54,223,349 shares of the company’s stock valued at $703,277,000 after buying an additional 21,628,993 shares in the last quarter. Capital International Investors purchased a new position in Full Truck Alliance in the 3rd quarter worth about $188,227,000. Finally, Norges Bank purchased a new position in Full Truck Alliance during the 2nd quarter worth approximately $134,623,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on YMM. Morgan Stanley set a $14.00 target price on shares of Full Truck Alliance in a research report on Monday, November 17th. Barclays decreased their price target on Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Wednesday, November 19th. Weiss Ratings lowered shares of Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 13th. Jefferies Financial Group set a $13.00 price objective on shares of Full Truck Alliance in a research report on Monday, November 17th. Finally, JPMorgan Chase & Co. cut Full Truck Alliance from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $11.00 to $8.00 in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.71.

Full Truck Alliance Trading Down 0.3%

YMM stock traded down $0.03 during midday trading on Tuesday, hitting $9.83. 5,889,399 shares of the company’s stock were exchanged, compared to its average volume of 15,069,495. The business has a 50-day simple moving average of $11.10 and a two-hundred day simple moving average of $12.03. Full Truck Alliance has a 1-year low of $9.45 and a 1-year high of $14.07. The stock has a market capitalization of $10.29 billion, a PE ratio of 18.52 and a beta of 0.22.

Full Truck Alliance Company Profile

Full Truck Alliance (NYSE: YMM) operates a leading digital freight platform in China, connecting shippers with a vast network of independent truck drivers. The company’s core offering centers on load matching, enabling cargo owners to find suitable carriers quickly through a mobile and web-based interface. By streamlining the booking process, Full Truck Alliance helps reduce downtime and improves overall asset utilization for both shippers and drivers.

The platform features real-time route optimization, electronic waybills, digital payment solutions and in-app communication tools.