Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) Short Interest Down 36.7% in April

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totaling 58,134 shares, a decrease of 36.7% from the March 31st total of 91,850 shares. Based on an average daily volume of 52,535 shares, the short-interest ratio is currently 1.1 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Federated Hermes Inc. acquired a new position in Yuanbao during the second quarter valued at approximately $370,000. JPMorgan Chase & Co. acquired a new position in Yuanbao during the second quarter valued at approximately $454,000. Barclays PLC grew its holdings in Yuanbao by 68.7% during the fourth quarter. Barclays PLC now owns 41,988 shares of the company’s stock valued at $851,000 after purchasing an additional 17,105 shares during the period. Franchise GP Ltd acquired a new position in Yuanbao during the fourth quarter valued at approximately $1,351,000. Finally, WFM ASIA BVI Ltd grew its holdings in Yuanbao by 89.9% during the third quarter. WFM ASIA BVI Ltd now owns 182,500 shares of the company’s stock valued at $3,584,000 after purchasing an additional 86,414 shares during the period.

Yuanbao Price Performance

YB opened at $16.35 on Tuesday. The company has a market cap of $737.06 million and a price-to-earnings ratio of 4.22. The firm has a 50 day simple moving average of $18.75 and a 200 day simple moving average of $20.12. Yuanbao has a fifty-two week low of $14.04 and a fifty-two week high of $31.00.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Yuanbao from a “hold” rating to a “buy” rating in a research report on Saturday, April 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Yuanbao in a research report on Friday, March 27th. Finally, Citigroup assumed coverage on shares of Yuanbao in a research report on Monday, February 23rd. They set a “neutral” rating and a $21.80 target price on the stock. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $21.80.

About Yuanbao

Our mission is to protect health and well-being through technology. We are a leading technology-driven online insurance distributor in China. We take pride in pioneering the seamless integration of insurance with cutting-edge technologies, and have constructed a highly efficient full consumer service cycle engine. Through this engine, we successfully distribute suitable and high-quality insurance products to over ten million insurance consumers. According to Frost & Sullivan, we were the largest independent insurance distributor in China’s personal life and accident & health (A&H) insurance market in terms of first year premiums in 2023.