Short Interest in Maase Inc. – Sponsored ADR (NASDAQ:MAAS) Expands By 198.5%

Maase Inc. – Sponsored ADR (NASDAQ:MAAS) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 139,586 shares, a growth of 198.5% from the April 15th total of 46,769 shares. Based on an average trading volume of 857,213 shares, the days-to-cover ratio is presently 0.2 days. Approximately 7.1% of the company’s shares are sold short.

Maase Stock Down 0.4%

Maase stock traded down $0.04 during midday trading on Friday, hitting $10.10. 14,622 shares of the stock were exchanged, compared to its average volume of 492,492. The company has a fifty day simple moving average of $7.30 and a two-hundred day simple moving average of $5.78. Maase has a 52 week low of $2.41 and a 52 week high of $20.89.

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.