Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) Short Interest Update

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 66,175 shares, a decline of 12.9% from the February 26th total of 75,972 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 33,398 shares, the short-interest ratio is presently 2.0 days.

Institutional Trading of Yuanbao

A number of large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its stake in Yuanbao by 53.7% in the third quarter. JPMorgan Chase & Co. now owns 33,226 shares of the company’s stock valued at $653,000 after buying an additional 11,607 shares in the last quarter. Barclays PLC increased its position in shares of Yuanbao by 68.7% during the fourth 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. Federated Hermes Inc. acquired a new stake in shares of Yuanbao during the second quarter worth $370,000. Franchise GP Ltd acquired a new stake in shares of Yuanbao during the fourth quarter worth $1,351,000. Finally, WFM ASIA BVI Ltd lifted its position in Yuanbao by 89.9% in the 3rd quarter. WFM ASIA BVI Ltd now owns 182,500 shares of the company’s stock valued at $3,584,000 after acquiring an additional 86,414 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Citigroup initiated coverage on Yuanbao in a research report on Monday, February 23rd. They issued a “neutral” rating and a $21.80 price target on the stock. Wall Street Zen lowered Yuanbao from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Yuanbao in a report on Friday, March 27th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, Yuanbao presently has an average rating of “Hold” and an average price target of $21.80.

Yuanbao Price Performance

Shares of Yuanbao stock opened at $19.21 on Thursday. The company has a market capitalization of $865.99 million and a P/E ratio of 4.96. The business has a 50-day moving average of $19.37 and a two-hundred day moving average of $20.52. Yuanbao has a 1 year low of $14.04 and a 1 year high of $31.00.

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.