Yalla Group Limited Sponsored ADR (NYSE:YALA) Short Interest Update

Yalla Group Limited Sponsored ADR (NYSE:YALA) was the recipient of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 1,446,770 shares, a drop of 17.1% from the January 15th total of 1,745,511 shares. Currently, 1.9% of the shares of the stock are sold short. Based on an average trading volume of 373,922 shares, the days-to-cover ratio is currently 3.9 days. Based on an average trading volume of 373,922 shares, the days-to-cover ratio is currently 3.9 days. Currently, 1.9% of the shares of the stock are sold short.

Yalla Group Price Performance

Shares of YALA remained flat at $7.12 during midday trading on Tuesday. The stock had a trading volume of 161,048 shares, compared to its average volume of 262,067. The firm has a market capitalization of $1.13 billion, a P/E ratio of 8.79 and a beta of 0.41. The business has a 50-day moving average price of $7.03 and a 200-day moving average price of $7.32. Yalla Group has a 1 year low of $3.83 and a 1 year high of $9.29.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. FIL Ltd purchased a new stake in Yalla Group in the 4th quarter worth approximately $14,053,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Yalla Group by 1,075.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,981,119 shares of the company’s stock valued at $13,353,000 after acquiring an additional 1,812,642 shares in the last quarter. State Street Corp lifted its stake in Yalla Group by 6.2% in the fourth quarter. State Street Corp now owns 1,516,319 shares of the company’s stock worth $10,523,000 after acquiring an additional 89,011 shares during the period. Barclays PLC boosted its holdings in Yalla Group by 46.9% in the fourth quarter. Barclays PLC now owns 1,200,915 shares of the company’s stock valued at $8,334,000 after acquiring an additional 383,511 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in Yalla Group by 58.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 992,414 shares of the company’s stock valued at $7,453,000 after purchasing an additional 367,249 shares during the period. 4.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Yalla Group in a research note on Wednesday, January 21st. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Yalla Group presently has a consensus rating of “Hold”.

About Yalla Group

Yalla Group (NYSE:YALA) operates a voice-centric social networking and entertainment platform designed to connect users through live audio chat rooms, interactive voice channels and mobile gaming. Its core product, the Yalla app, allows participants in the Middle East and North Africa (MENA) region to join real-time voice discussion groups, host audio shows and send virtual gifts. Through the PokerBROS brand, the company offers a mobile-first social poker platform featuring Texas Hold’em, Chinese Poker and other variants, enabling casual and competitive gaming among a growing user base.

Founded in 2016 and incorporated in the Cayman Islands, Yalla Group established its headquarters in Riyadh with additional offices in Dubai and Asia.