Short Interest in Yatsen Holding Limited (NYSE:YSG) Declines By 48.5%

Yatsen Holding Limited (NYSE:YSG) was the target of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 1,190,000 shares, a decline of 48.5% from the February 29th total of 2,310,000 shares. Currently, 1.7% of the shares of the stock are short sold. Based on an average trading volume of 307,000 shares, the days-to-cover ratio is currently 3.9 days.

Yatsen Stock Performance

Shares of NYSE YSG remained flat at $2.11 during mid-day trading on Thursday. The company had a trading volume of 464,245 shares, compared to its average volume of 326,762. The stock has a market capitalization of $156.94 million, a PE ratio of -2.10 and a beta of -2.17. The business has a fifty day moving average price of $2.82 and a 200-day moving average price of $3.78. Yatsen has a twelve month low of $1.99 and a twelve month high of $7.70.

Institutional Trading of Yatsen

Several hedge funds and other institutional investors have recently modified their holdings of YSG. Two Sigma Securities LLC acquired a new stake in Yatsen during the second quarter valued at $27,000. JPMorgan Chase & Co. increased its stake in shares of Yatsen by 85.5% in the second quarter. JPMorgan Chase & Co. now owns 35,800 shares of the company’s stock worth $36,000 after purchasing an additional 16,496 shares during the period. Verition Fund Management LLC bought a new position in shares of Yatsen in the second quarter worth about $58,000. Franklin Resources Inc. increased its stake in shares of Yatsen by 151.3% in the fourth quarter. Franklin Resources Inc. now owns 40,933 shares of the company’s stock worth $60,000 after purchasing an additional 24,642 shares during the period. Finally, UBS Group AG bought a new position in shares of Yatsen in the fourth quarter worth about $61,000.

About Yatsen

Yatsen Holding Limited, together with its subsidiaries, engages in the development and sale of beauty products under the Perfect Diary, Little Ondine, Pink Bear, Abby's Choice, GalÃnic, DR.WU, Eve Lom, and EANTiM brands in the People's Republic of China. The company offers color cosmetics for lips, eyes, and face; skin care products, including face serums and creams, eye creams, masks, toners, makeup removers, cleansers, ampoules, and anti-acne patches; and beauty tools and kits, sunscreen products, colored contact lenses, and beauty devices.