Short Interest in So-Young International Inc. Sponsored ADR (NASDAQ:SY) Drops By 21.9%

So-Young International Inc. Sponsored ADR (NASDAQ:SY) was the target of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 667,535 shares, a decline of 21.9% from the December 31st total of 854,704 shares. Based on an average daily volume of 402,058 shares, the short-interest ratio is currently 1.7 days. Approximately 0.8% of the shares of the company are sold short. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 402,058 shares, the short-interest ratio is currently 1.7 days.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Wall Street Zen raised So-Young International from a “sell” rating to a “hold” rating in a research report on Saturday, December 20th. Weiss Ratings restated a “sell (d)” rating on shares of So-Young International in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, So-Young International presently has an average rating of “Hold” and an average price target of $5.50.

So-Young International Stock Down 1.7%

SY traded down $0.05 during trading on Friday, reaching $2.84. The company had a trading volume of 548,372 shares, compared to its average volume of 501,422. The business has a 50 day simple moving average of $2.85 and a 200-day simple moving average of $3.58. The stock has a market cap of $286.41 million, a P/E ratio of -2.87 and a beta of 2.04. So-Young International has a 52 week low of $0.67 and a 52 week high of $6.28.

So-Young International (NASDAQ:SY) last released its earnings results on Monday, November 17th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.24. So-Young International had a negative net margin of 51.26% and a negative return on equity of 10.07%. The firm had revenue of $54.30 million during the quarter, compared to analyst estimates of $386.64 million.

Hedge Funds Weigh In On So-Young International

Large investors have recently bought and sold shares of the business. Jane Street Group LLC increased its stake in So-Young International by 264.2% in the first quarter. Jane Street Group LLC now owns 36,419 shares of the company’s stock worth $30,000 after purchasing an additional 26,419 shares during the period. Dimensional Fund Advisors LP bought a new stake in So-Young International during the 3rd quarter valued at about $63,000. XTX Topco Ltd purchased a new stake in So-Young International in the 2nd quarter valued at about $113,000. Millennium Management LLC bought a new position in So-Young International in the 3rd quarter worth about $123,000. Finally, JPMorgan Chase & Co. bought a new position in So-Young International in the third quarter worth approximately $145,000. Hedge funds and other institutional investors own 35.31% of the company’s stock.

So-Young International Company Profile

So-Young International Inc operates a leading digital marketplace and community platform focused on the medical aesthetic industry in China. Headquartered in Shanghai and founded in 2013, the company connects consumers seeking cosmetic treatments with a network of accredited clinics, licensed physicians and beauty service providers. Its online ecosystem offers a wealth of educational content, peer reviews and before-and-after galleries designed to help users make informed decisions about aesthetic procedures.

The company’s platform is accessible via web and mobile applications, where users can browse service packages, compare providers, read expert articles and schedule appointments directly through an integrated booking system.