Short Interest in Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) Declines By 39.1%

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 38,285 shares, a drop of 39.1% from the May 14th total of 62,864 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 41,874 shares, the short-interest ratio is presently 0.9 days.

Yuanbao Stock Up 1.1%

Shares of YB stock traded up $0.17 during mid-day trading on Monday, hitting $15.80. 42,940 shares of the company’s stock were exchanged, compared to its average volume of 47,640. Yuanbao has a fifty-two week low of $12.01 and a fifty-two week high of $31.00. The stock has a 50-day simple moving average of $16.02 and a two-hundred day simple moving average of $18.51. The stock has a market cap of $712.04 million, a price-to-earnings ratio of 3.82 and a beta of 0.47.

Yuanbao Announces Dividend

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, July 28th. Stockholders of record on Thursday, July 2nd will be issued a dividend of $1.26 per share. The ex-dividend date is Thursday, July 2nd. This represents a dividend yield of 766.0%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on YB. Wall Street Zen downgraded Yuanbao from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings downgraded Yuanbao from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Finally, Citigroup began coverage on Yuanbao in a research report on Monday, February 23rd. They set a “neutral” rating and a $21.80 price target for the company. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $21.80.

Institutional Investors Weigh In On Yuanbao

Several hedge funds have recently made changes to their positions in YB. Susquehanna International Group LLP acquired a new position in Yuanbao in the third quarter valued at $59,613,000. WFM ASIA BVI Ltd raised its position in Yuanbao by 89.9% in 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. Franchise GP Ltd purchased a new position in Yuanbao in the fourth quarter valued at about $1,351,000. JPMorgan Chase & Co. purchased a new position in Yuanbao in the second quarter valued at about $454,000. Finally, Federated Hermes Inc. purchased a new position in Yuanbao in the second quarter valued at about $370,000.

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.