Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) Short Interest Down 53.0% in January

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) was the target of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 49,400 shares, a decrease of 53.0% from the January 15th total of 105,025 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 56,933 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 56,933 shares, the short-interest ratio is presently 0.9 days. Currently, 0.1% of the shares of the stock are short sold.

Analysts Set New Price Targets

YB has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Yuanbao in a research report on Monday, December 29th. Wall Street Zen upgraded Yuanbao from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Yuanbao Stock Down 1.0%

NASDAQ:YB opened at $19.70 on Friday. Yuanbao has a 52 week low of $14.04 and a 52 week high of $31.00. The stock’s fifty day moving average is $20.25 and its two-hundred day moving average is $22.14. The company has a market capitalization of $888.08 million and a P/E ratio of 6.86.

Yuanbao (NASDAQ:YB) last posted its quarterly earnings data on Wednesday, December 3rd. The company reported $1.08 earnings per share for the quarter. The company had revenue of $162.64 million for the quarter.

Institutional Trading of Yuanbao

Large investors have recently made changes to their positions in the company. Susquehanna International Group LLP purchased a new stake in Yuanbao in the third quarter valued at approximately $59,613,000. WFM ASIA BVI Ltd purchased a new stake in Yuanbao in the 2nd quarter valued at $2,020,000. Franchise GP Ltd acquired a new stake in Yuanbao during the 4th quarter worth $1,351,000. JPMorgan Chase & Co. purchased a new position in Yuanbao during the 2nd quarter worth $454,000. Finally, Federated Hermes Inc. acquired a new position in Yuanbao in the second quarter valued at $370,000.

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.