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

Maase Inc. – Sponsored ADR (NASDAQ:MAAS) was the target of a significant growth in short interest in 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. Currently, 12.2% of the company’s stock are sold short.

Analyst Ratings Changes

A number of equities analysts have issued reports on MAAS shares. Weiss Ratings began coverage on shares of Maase in a report on Monday, June 29th. They set a “sell (d)” rating on the stock. Wall Street Zen upgraded Maase to a “hold” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Maase presently has an average rating of “Sell”.

Maase Stock Performance

NASDAQ:MAAS traded up $1.46 during mid-day trading on Wednesday, reaching $15.57. The stock had a trading volume of 29,785 shares, compared to its average volume of 128,451. The firm has a 50 day moving average price of $13.08 and a two-hundred day moving average price of $8.66. Maase has a one year low of $2.85 and a one year high of $24.90.

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

Maase Company Profile

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.