Yunji Inc. (NASDAQ:YJ) Short Interest Update

Yunji Inc. (NASDAQ:YJ – Get Rating) was the recipient of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 13,700 shares, a decrease of 48.7% from the February 13th total of 26,700 shares. Based on an average daily trading volume, of 270,600 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Yunji

A number of institutional investors and hedge funds have recently made changes to their positions in YJ. Forager Funds Management Pty Ltd acquired a new stake in shares of Yunji during the 3rd quarter valued at $765,000. Renaissance Technologies LLC lifted its position in shares of Yunji by 161.4% during the 1st quarter. Renaissance Technologies LLC now owns 153,200 shares of the company’s stock valued at $156,000 after acquiring an additional 94,600 shares during the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of Yunji during the 1st quarter valued at $31,000. 1.76% of the stock is currently owned by institutional investors and hedge funds.

Yunji Stock Performance

Shares of Yunji stock opened at $0.40 on Friday. The business’s 50 day simple moving average is $0.56 and its 200-day simple moving average is $0.72. The stock has a market capitalization of $85.88 million, a price-to-earnings ratio of -10.00 and a beta of 0.62. Yunji has a twelve month low of $0.37 and a twelve month high of $1.42.

About Yunji

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Yunji, Inc engages in the provision of social e-commerce platform. The firm offers Yunji App, a combination of Yunji VIP App and Yunji Flagship App. It also provides solutions and services that allow suppliers to benefit from the firm’s scale of operations and marketing capabilities. The company was founded by Shang Lüe Xiao in May 2015 and is headquartered in Hangzhou, China.