YHN Acquisition I Limited (NASDAQ:YHNA) Sees Large Growth in Short Interest

YHN Acquisition I Limited (NASDAQ:YHNA) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 635,624 shares, an increase of 1,297,091.8% from the August 15th total of 49 shares. Approximately 15.3% of the shares of the stock are sold short. Based on an average trading volume of 58,676 shares, the short-interest ratio is presently 10.8 days.

YHN Acquisition I Stock Performance

YHNA stock traded down $0.05 on Thursday, hitting $11.05. 3,569 shares of the company were exchanged, compared to its average volume of 14,496. YHN Acquisition I has a twelve month low of $10.45 and a twelve month high of $12.00. The business’s fifty day moving average is $10.98 and its two-hundred day moving average is $10.85.

YHN Acquisition I (NASDAQ:YHNA) last announced its quarterly earnings results on Friday, August 14th. The company reported $0.07 earnings per share for the quarter.

Institutional Investors Weigh In On YHN Acquisition I

A hedge fund recently bought a new stake in YHN Acquisition I stock. JPMorgan Chase & Co. bought a new stake in YHN Acquisition I Limited (NASDAQ:YHNA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 344,106 shares of the company’s stock, valued at approximately $3,599,000. JPMorgan Chase & Co. owned 4.31% of YHN Acquisition I at the end of the most recent quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of YHN Acquisition I in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

About YHN Acquisition I

YH Acquisition I Co is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the NASDAQ under the ticker YHNA. As a blank‐check vehicle, the company was formed to effect one or more business combinations, mergers, share exchanges or similar transactions with one or more operating businesses or assets. It does not have operations of its own and holds its proceeds in a trust account until completion of a qualifying transaction.

The firm’s sponsor, YH Capital Partners, brings experience in growth capital and private equity investing across technology, consumer, and industrial sectors.