Puyi Inc. (NASDAQ:PUYI) Short Interest Up 25.0% in May

Puyi Inc. (NASDAQ:PUYIGet Rating) was the recipient of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 37,500 shares, a growth of 25.0% from the May 15th total of 30,000 shares. Based on an average daily trading volume, of 11,400 shares, the short-interest ratio is presently 3.3 days.

Shares of PUYI opened at $7.49 on Friday. The business’s fifty day moving average price is $6.42 and its two-hundred day moving average price is $6.48. Puyi has a 52 week low of $4.10 and a 52 week high of $8.36.

A number of institutional investors and hedge funds have recently made changes to their positions in PUYI. Citadel Advisors LLC bought a new position in Puyi in the 2nd quarter valued at $80,000. Marshall Wace LLP bought a new position in Puyi in the 4th quarter valued at $150,000. Virtu Financial LLC bought a new position in shares of Puyi in the 4th quarter worth $103,000. Finally, Renaissance Technologies LLC bought a new position in shares of Puyi in the 1st quarter worth $101,000. Hedge funds and other institutional investors own 0.08% of the company’s stock.

About Puyi (Get Rating)

Puyi Inc provides third-party wealth management services in China. The company distributes publicly raised fund and privately raised securities investment fund products through online and offline. It also provides asset management services that include managing fund of funds and non-performing loan funds; and corporate financing services.

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