Short Interest in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) Decreases By 15.2%

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) was the target of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 18,496,973 shares, a decline of 15.2% from the January 15th total of 21,800,556 shares. Approximately 2.1% of the shares of the company are short sold. Based on an average trading volume of 7,918,664 shares, the days-to-cover ratio is presently 2.3 days. Based on an average trading volume of 7,918,664 shares, the days-to-cover ratio is presently 2.3 days. Approximately 2.1% of the shares of the company are short sold.

Institutional Trading of Full Truck Alliance

Several large investors have recently bought and sold shares of the business. Compound Planning Inc. lifted its holdings in shares of Full Truck Alliance by 7.0% in the third quarter. Compound Planning Inc. now owns 15,948 shares of the company’s stock worth $207,000 after acquiring an additional 1,048 shares during the last quarter. CI Investments Inc. increased its position in Full Truck Alliance by 10.7% during the 3rd quarter. CI Investments Inc. now owns 10,924 shares of the company’s stock worth $142,000 after purchasing an additional 1,052 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in Full Truck Alliance by 0.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 248,174 shares of the company’s stock valued at $3,219,000 after purchasing an additional 1,410 shares during the last quarter. Parnassus Investments LLC boosted its position in Full Truck Alliance by 7.1% in the fourth quarter. Parnassus Investments LLC now owns 23,076 shares of the company’s stock valued at $248,000 after buying an additional 1,529 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Full Truck Alliance by 150.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,937 shares of the company’s stock worth $32,000 after buying an additional 1,762 shares during the last quarter. 39.02% of the stock is owned by institutional investors and hedge funds.

Full Truck Alliance Stock Up 0.7%

Shares of NYSE:YMM traded up $0.07 during trading on Tuesday, reaching $9.55. 5,923,837 shares of the company traded hands, compared to its average volume of 6,718,254. The firm has a market capitalization of $9.99 billion, a PE ratio of 16.07 and a beta of 0.22. Full Truck Alliance has a 52 week low of $9.39 and a 52 week high of $14.07. The company’s 50 day moving average is $10.50 and its two-hundred day moving average is $11.71.

Analyst Ratings Changes

Several equities analysts have recently weighed in on YMM shares. Jefferies Financial Group set a $13.00 price objective on shares of Full Truck Alliance in a research report on Monday, November 17th. iA Financial set a $8.00 price target on shares of Full Truck Alliance in a report on Monday, January 12th. Weiss Ratings downgraded Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 13th. Barclays dropped their price target on Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Wednesday, November 19th. Finally, Morgan Stanley set a $14.00 price objective on Full Truck Alliance in a report on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $12.71.

Full Truck Alliance Company Profile

Full Truck Alliance (NYSE: YMM) operates a leading digital freight platform in China, connecting shippers with a vast network of independent truck drivers. The company’s core offering centers on load matching, enabling cargo owners to find suitable carriers quickly through a mobile and web-based interface. By streamlining the booking process, Full Truck Alliance helps reduce downtime and improves overall asset utilization for both shippers and drivers.

The platform features real-time route optimization, electronic waybills, digital payment solutions and in-app communication tools.