So-Young International Inc. Sponsored ADR (NASDAQ:SY) Sees Significant Growth in Short Interest

So-Young International Inc. Sponsored ADR (NASDAQ:SY) saw a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 1,402,810 shares, an increase of 57.0% from the February 12th total of 893,385 shares. Currently, 1.7% of the company’s shares are sold short. Based on an average daily trading volume, of 294,389 shares, the short-interest ratio is currently 4.8 days. Based on an average daily trading volume, of 294,389 shares, the short-interest ratio is currently 4.8 days. Currently, 1.7% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

SY has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of So-Young International in a research note on Monday, December 29th. Wall Street Zen raised So-Young International from a “sell” rating to a “hold” rating in a research report on Saturday, December 20th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $5.50.

So-Young International Price Performance

NASDAQ SY traded down $0.08 during midday trading on Friday, hitting $3.04. 157,063 shares of the company traded hands, compared to its average volume of 565,057. The company has a market cap of $306.08 million, a PE ratio of -3.07 and a beta of 2.01. So-Young International has a 52 week low of $0.67 and a 52 week high of $6.28. The company’s 50-day simple moving average is $3.00 and its 200-day simple moving average is $3.27.

Institutional Trading of So-Young International

Hedge funds have recently modified their holdings of the company. HRT Financial LP acquired a new stake in So-Young International in the fourth quarter valued at approximately $32,000. Virtu Financial LLC acquired a new position in shares of So-Young International during the fourth quarter worth $33,000. Dimensional Fund Advisors LP purchased a new stake in shares of So-Young International during the 3rd quarter valued at $63,000. Marshall Wace LLP acquired a new stake in shares of So-Young International in the 4th quarter worth $45,000. Finally, Jane Street Group LLC boosted its position in shares of So-Young International by 264.2% in the 1st quarter. Jane Street Group LLC now owns 36,419 shares of the company’s stock worth $30,000 after purchasing an additional 26,419 shares in the last quarter. 35.31% of the stock is owned by hedge funds and other institutional investors.

So-Young International Company Profile

So-Young International Inc operates a leading digital marketplace and community platform focused on the medical aesthetic industry in China. Headquartered in Shanghai and founded in 2013, the company connects consumers seeking cosmetic treatments with a network of accredited clinics, licensed physicians and beauty service providers. Its online ecosystem offers a wealth of educational content, peer reviews and before-and-after galleries designed to help users make informed decisions about aesthetic procedures.

The company’s platform is accessible via web and mobile applications, where users can browse service packages, compare providers, read expert articles and schedule appointments directly through an integrated booking system.