Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) Short Interest Update

Yuanbao Inc. – Sponsored ADR (NASDAQ:YBGet 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:YBFree 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.

Yuanbao (NASDAQ:YBGet Free Report) last issued its quarterly earnings data on Friday, September 11th. The company reported $1.26 EPS for the quarter. The company had revenue of $204.92 million during the quarter. Yuanbao had a net margin of 29.91% and a return on equity of 43.75%.

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.

View Our Latest Report on YB

Yuanbao Company Profile

(Get Free Report)

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

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