Maase Inc. – Sponsored ADR (NASDAQ:MAAS) Short Interest Up 118.0% in June

Maase Inc. – Sponsored ADR (NASDAQ:MAAS) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 240,407 shares, a growth of 118.0% from the June 15th total of 110,303 shares. Based on an average daily trading volume, of 200,389 shares, the days-to-cover ratio is presently 1.2 days. Approximately 12.2% of the shares of the company are short sold.

Maase Stock Up 26.4%

MAAS traded up $4.38 on Thursday, reaching $20.95. The stock had a trading volume of 597,268 shares, compared to its average volume of 132,268. The business’s 50-day moving average price is $13.23 and its two-hundred day moving average price is $8.74. Maase has a 12-month low of $2.85 and a 12-month high of $24.90.

Maase (NASDAQ:MAAS) last posted its earnings results on Tuesday, June 23rd. The company reported ($64.61) earnings per share (EPS) for the quarter. The firm had revenue of $0.22 million for the quarter.

Analyst Ratings Changes

Several brokerages recently weighed in on MAAS. Wall Street Zen upgraded Maase to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings assumed coverage on Maase in a research report on Monday, June 29th. They issued a “sell (d)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

About Maase

Puyi Inc provides third-party wealth management services in China. The company distributes publicly raised fund and privately raised securities investment fund products through online and offline. It also provides asset management services that include managing fund of funds and non-performing loan funds; and corporate financing services. Puyi Inc was incorporated in 2018 and is headquartered in Guangzhou, China.