Short Interest in Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) Drops By 51.4%

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 16,160 shares, a drop of 51.4% from the June 15th total of 33,226 shares. Based on an average trading volume of 31,633 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

YB has been the topic of several recent analyst reports. Weiss Ratings lowered shares of Yuanbao from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 30th. Wall Street Zen cut Yuanbao from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $21.80.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada acquired a new stake in shares of Yuanbao in the 1st quarter valued at $72,000. Ramsey Quantitative Systems acquired a new stake in Yuanbao in the second quarter valued at $160,000. Federated Hermes Inc. purchased a new stake in Yuanbao during the 2nd quarter worth about $370,000. JPMorgan Chase & Co. purchased a new stake in Yuanbao during the 2nd quarter worth about $454,000. Finally, Barclays PLC boosted its position in shares of Yuanbao by 68.7% during the 4th quarter. Barclays PLC now owns 41,988 shares of the company’s stock worth $851,000 after acquiring an additional 17,105 shares in the last quarter.

Yuanbao Price Performance

YB opened at $13.58 on Thursday. The business has a fifty day moving average price of $14.74 and a 200 day moving average price of $17.59. Yuanbao has a 12 month low of $12.01 and a 12 month high of $30.50. The stock has a market capitalization of $612.19 million, a price-to-earnings ratio of 3.28 and a beta of 0.39.

Yuanbao Announces Dividend

The company also recently announced an annual dividend, which will be paid on Tuesday, July 28th. Investors of record on Thursday, July 2nd will be issued a $1.26 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a yield of 839.0%. Yuanbao’s dividend payout ratio (DPR) is 29.95%.

About Yuanbao

Our mission is to protect health and well-being through technology. We are a leading technology-driven online insurance distributor in China. We take pride in pioneering the seamless integration of insurance with cutting-edge technologies, and have constructed a highly efficient full consumer service cycle engine. Through this engine, we successfully distribute suitable and high-quality insurance products to over ten million insurance consumers. According to Frost & Sullivan, we were the largest independent insurance distributor in China’s personal life and accident & health (A&H) insurance market in terms of first year premiums in 2023.