Yuanbao Inc. – Sponsored ADR (NASDAQ:YB – Get Free Report) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 16,160 shares, a decrease of 51.4% from the June 15th total of 33,226 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 31,633 shares, the short-interest ratio is currently 0.5 days.
Yuanbao Price Performance
NASDAQ YB opened at $13.99 on Friday. Yuanbao has a 12 month low of $12.01 and a 12 month high of $30.50. The company has a market capitalization of $630.67 million, a price-to-earnings ratio of 3.38 and a beta of 0.39. The company’s fifty day moving average price is $14.70 and its two-hundred day moving average price is $17.55.
Yuanbao Announces Dividend
The business also recently declared an annual dividend, which will be paid on Tuesday, July 28th. Stockholders of record on Thursday, July 2nd will be given a dividend of $1.26 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a dividend yield of 839.0%. Yuanbao’s dividend payout ratio (DPR) is presently 29.95%.
Wall Street Analyst Weigh In
Get Our Latest Analysis on Yuanbao
Institutional Trading of Yuanbao
Several institutional investors and hedge funds have recently bought and sold shares of YB. Susquehanna International Group LLP bought a new position in Yuanbao during the 3rd quarter worth approximately $59,613,000. Franchise GP Ltd acquired a new stake in shares of Yuanbao during the 4th quarter valued at approximately $1,351,000. Barclays PLC lifted its stake in Yuanbao by 68.7% during the fourth quarter. Barclays PLC now owns 41,988 shares of the company’s stock worth $851,000 after purchasing an additional 17,105 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Yuanbao by 53.7% during the third quarter. JPMorgan Chase & Co. now owns 33,226 shares of the company’s stock worth $653,000 after purchasing an additional 11,607 shares during the last quarter. Finally, Federated Hermes Inc. acquired a new position in Yuanbao in the second quarter worth $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.
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