Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) Shares Shorted: Short Interest Down 35.7% in October

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 11,245 shares, a decrease of 35.7% from the September 30th total of 17,501 shares. Based on an average daily trading volume, of 56,048 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Investors Weigh In On Yuanbao

An institutional investor recently bought a new stake in Yuanbao stock. Royal Bank of Canada purchased a new position in Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,079 shares of the company’s stock, valued at approximately $72,000.

Yuanbao Stock Performance

YB opened at $11.20 on Monday. The company has a fifty day moving average of $12.45 and a two-hundred day moving average of $15.67. The stock has a market capitalization of $504.90 million, a price-to-earnings ratio of 2.49 and a beta of 0.56. Yuanbao has a fifty-two week low of $11.00 and a fifty-two week high of $23.65.

Yuanbao (NASDAQ:YB) last posted its quarterly earnings data on Friday, September 11th. The company reported $1.26 EPS for the quarter. The business 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%.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Yuanbao from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $21.80.

About Yuanbao

Yuanbao Inc (NASDAQ: YB) is a China-based technology-driven insurance distribution company. The company operates an online platform that connects consumers with insurance products offered by third-party insurance carriers.

Yuanbao’s platform primarily focuses on personal protection products, including health, life, accident and other insurance offerings. Its services are designed to help customers compare, purchase and manage policies through digital channels, while using data and technology to support product distribution and customer service.

The company primarily serves customers in China through online platforms and mobile applications.