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

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 11,245 shares, a decline of 35.7% from the September 30th total of 17,501 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 56,048 shares, the short-interest ratio is currently 0.2 days.

Yuanbao Price Performance

Shares of NASDAQ:YB opened at $10.96 on Tuesday. The firm has a market capitalization of $494.08 million, a PE ratio of 2.47 and a beta of 0.56. The business has a 50-day moving average of $12.40 and a two-hundred day moving average of $15.62. Yuanbao has a 12 month low of $10.96 and a 12 month high of $23.65.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Yuanbao from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Yuanbao has a consensus rating of “Reduce” and a consensus price target of $21.80.

Hedge Funds Weigh In On Yuanbao

An institutional investor recently raised its position in Yuanbao stock. Ramsey Quantitative Systems lifted its holdings in shares of Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) by 72.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,073 shares of the company’s stock after acquiring an additional 7,584 shares during the quarter. Yuanbao comprises approximately 0.2% of Ramsey Quantitative Systems’ holdings, making the stock its 10th biggest holding. Ramsey Quantitative Systems’ holdings in Yuanbao were worth $225,000 as of its most recent SEC filing.

About Yuanbao

Yuanbao Inc (NASDAQ: YB) is a China-based technology-driven insurance distribution company. The company operates an online platform that connects consumers with insurance products offered by third-party insurance carriers.

Yuanbao’s platform primarily focuses on personal protection products, including health, life, accident and other insurance offerings. Its services are designed to help customers compare, purchase and manage policies through digital channels, while using data and technology to support product distribution and customer service.

The company primarily serves customers in China through online platforms and mobile applications.