YHN Acquisition I Limited (NASDAQ:YHNA) Short Interest Up 1,297,091.8% in August

YHN Acquisition I Limited (NASDAQ:YHNA) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 635,624 shares, an increase of 1,297,091.8% from the August 15th total of 49 shares. Based on an average daily volume of 58,676 shares, the days-to-cover ratio is presently 10.8 days. Currently, 15.3% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of YHN Acquisition I in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, YHN Acquisition I currently has a consensus rating of “Sell”.

YHN Acquisition I Stock Performance

Shares of NASDAQ YHNA opened at $11.05 on Friday. YHN Acquisition I has a twelve month low of $10.45 and a twelve month high of $12.00. The company has a 50 day moving average of $10.98 and a 200 day moving average of $10.86.

YHN Acquisition I (NASDAQ:YHNA) last issued its earnings results on Friday, August 14th. The company reported $0.07 EPS for the quarter.

Institutional Investors Weigh In On YHN Acquisition I

A hedge fund recently bought a new stake in YHN Acquisition I stock. JPMorgan Chase & Co. bought a new position in YHN Acquisition I Limited (NASDAQ:YHNA) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 344,106 shares of the company’s stock, valued at approximately $3,599,000. JPMorgan Chase & Co. owned about 4.31% of YHN Acquisition I as of its most recent filing with the SEC.

About YHN Acquisition I

YH Acquisition I Co is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the NASDAQ under the ticker YHNA. As a blank‐check vehicle, the company was formed to effect one or more business combinations, mergers, share exchanges or similar transactions with one or more operating businesses or assets. It does not have operations of its own and holds its proceeds in a trust account until completion of a qualifying transaction.

The firm’s sponsor, YH Capital Partners, brings experience in growth capital and private equity investing across technology, consumer, and industrial sectors.