Yalla Group Limited Sponsored ADR (NYSE:YALA) Short Interest Down 17.1% in January

Yalla Group Limited Sponsored ADR (NYSE:YALA) was the target of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 1,446,770 shares, a drop of 17.1% from the January 15th total of 1,745,511 shares. Based on an average trading volume of 373,922 shares, the days-to-cover ratio is presently 3.9 days. Currently, 1.9% of the shares of the company are sold short. Currently, 1.9% of the shares of the company are sold short. Based on an average trading volume of 373,922 shares, the days-to-cover ratio is presently 3.9 days.

Yalla Group Stock Up 1.2%

Shares of NYSE:YALA traded up $0.08 during midday trading on Wednesday, hitting $7.20. The stock had a trading volume of 76,828 shares, compared to its average volume of 290,390. The company’s 50-day moving average price is $7.03 and its 200-day moving average price is $7.32. Yalla Group has a fifty-two week low of $3.83 and a fifty-two week high of $9.29. The company has a market capitalization of $1.14 billion, a P/E ratio of 8.89 and a beta of 0.41.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Yalla Group in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. ACT Capital Management LLC acquired a new stake in shares of Yalla Group in the fourth quarter valued at about $35,000. EverSource Wealth Advisors LLC boosted its holdings in Yalla Group by 73.7% in the second quarter. EverSource Wealth Advisors LLC now owns 6,481 shares of the company’s stock valued at $44,000 after acquiring an additional 2,749 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Yalla Group during the 3rd quarter valued at approximately $71,000. Verition Fund Management LLC bought a new position in Yalla Group during the 4th quarter worth approximately $73,000. Finally, Blue Trust Inc. lifted its position in shares of Yalla Group by 18.8% in the 3rd quarter. Blue Trust Inc. now owns 10,292 shares of the company’s stock worth $77,000 after purchasing an additional 1,632 shares during the period. Institutional investors and hedge funds own 4.73% of the company’s stock.

About Yalla Group

Yalla Group (NYSE:YALA) operates a voice-centric social networking and entertainment platform designed to connect users through live audio chat rooms, interactive voice channels and mobile gaming. Its core product, the Yalla app, allows participants in the Middle East and North Africa (MENA) region to join real-time voice discussion groups, host audio shows and send virtual gifts. Through the PokerBROS brand, the company offers a mobile-first social poker platform featuring Texas Hold’em, Chinese Poker and other variants, enabling casual and competitive gaming among a growing user base.

Founded in 2016 and incorporated in the Cayman Islands, Yalla Group established its headquarters in Riyadh with additional offices in Dubai and Asia.