Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) Stock Short Interest Report for September

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 17,501 shares, a growth of 121.8% from the September 15th total of 7,890 shares. Based on an average trading volume of 28,464 shares, the short-interest ratio is currently 0.6 days. Currently, 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings cut Yuanbao from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Yuanbao has a consensus rating of “Reduce” and an average price target of $21.80.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Yuanbao stock. Ramsey Quantitative Systems bought a new stake in shares of Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,489 shares of the company’s stock, valued at approximately $160,000. Yuanbao makes up approximately 0.1% of Ramsey Quantitative Systems’ investment portfolio, making the stock its 26th largest position.

Yuanbao Trading Down 1.1%

Shares of NASDAQ YB opened at $11.62 on Tuesday. The stock has a market capitalization of $524.05 million, a price-to-earnings ratio of 2.58 and a beta of 0.56. Yuanbao has a 12-month low of $11.55 and a 12-month high of $24.40. The firm’s 50-day moving average price is $13.14 and its 200-day moving average price is $14.67.

Yuanbao (NASDAQ:YB) last released its earnings results on Friday, September 11th. The company reported $1.26 earnings per share for the quarter. The firm had revenue of $204.92 million for the quarter. Yuanbao had a return on equity of 43.75% and a net margin of 29.91%.

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 tools and data-driven technology to connect consumers with insurance coverage and support insurance agents in serving customers.

Yuanbao’s business primarily focuses on life and health insurance products, along with other types of coverage available through its platform. Its services are designed to help users learn about insurance options, compare products, complete applications and receive policy-related support.