Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) Short Interest Down 42.6% in August

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 7,791 shares, a drop of 42.6% from the August 15th total of 13,566 shares. Based on an average daily volume of 29,850 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Yuanbao Trading Down 1.8%

Shares of YB opened at $12.44 on Thursday. The company has a market cap of $560.80 million, a PE ratio of 2.76 and a beta of 0.44. The stock has a 50-day moving average price of $13.69 and a 200-day moving average price of $15.55. Yuanbao has a 12-month low of $12.01 and a 12-month high of $25.33.

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

Hedge Funds Weigh In On Yuanbao

An institutional investor recently bought a new position in Yuanbao stock. Royal Bank of Canada purchased a new position in Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,079 shares of the company’s stock, valued at approximately $72,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Yuanbao from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $21.80.

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 and mobile channels to connect consumers with insurance offerings from participating insurers.

Yuanbao’s business primarily focuses on health and life insurance products, along with related digital insurance services. Its platform is designed to support product discovery, application, and policy management, while helping insurance providers reach individual customers through technology-enabled distribution.

The company serves customers in China through its online platform.