Yuanbao Inc. – Sponsored ADR (NASDAQ:YB – Get Free Report) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 7,791 shares, a decline of 42.6% from the August 15th total of 13,566 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 29,850 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Investors Weigh In On Yuanbao
An institutional investor recently bought a new stake in Yuanbao stock. Royal Bank of Canada bought a new position in shares of Yuanbao Inc. – Sponsored ADR (NASDAQ:YB – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,079 shares of the company’s stock, valued at approximately $72,000.
Yuanbao Trading Down 1.8%
Shares of Yuanbao stock traded down $0.23 on Wednesday, reaching $12.44. The stock had a trading volume of 62,303 shares, compared to its average volume of 42,607. Yuanbao has a 1 year low of $12.01 and a 1 year high of $25.33. The company has a market cap of $560.80 million, a P/E ratio of 2.76 and a beta of 0.44. The business’s 50 day moving average is $13.69 and its two-hundred day moving average is $15.55.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised Yuanbao from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $21.80.
Yuanbao Company Profile
Yuanbao Inc (NASDAQ: YB) is a China-based insurance technology company that operates a digital platform for the distribution of insurance products. The company uses online and mobile channels to connect consumers with insurance offerings from participating insurers.
Yuanbao’s business primarily focuses on health and life insurance products, along with related digital insurance services. Its platform is designed to support product discovery, application, and policy management, while helping insurance providers reach individual customers through technology-enabled distribution.
The company serves customers in China through its online platform.
Further Reading
- Five stocks we like better than Yuanbao
- 3 Luxury Consumer Brands to Watch in a Beaten-Down Sector
- Jackson’s Record Quarter Powers the Bull Case
- Holiday Shopping Is Almost Here—And Target May Be Ready to Win Big
- AI Panic Hit Tech Stocks—But NVIDIA’s Growth Engine Is Intact
Receive News & Ratings for Yuanbao Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yuanbao and related companies with MarketBeat.com's FREE daily email newsletter.
