Short Interest in So-Young International Inc. (NASDAQ:SY) Drops By 43.4%

by · The Cerbat Gem

So-Young International Inc. (NASDAQ:SY – Get Free Report) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 21,300 shares, a decline of 43.4% from the September 30th total of 37,600 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 100,300 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, Citigroup reiterated a “neutral” rating and set a $0.80 target price (down previously from $1.50) on shares of So-Young International in a report on Monday, September 23rd.

Check Out Our Latest Stock Report on So-Young International

So-Young International Stock Performance

SY traded down $0.02 during trading on Monday, reaching $0.98. 38,596 shares of the stock were exchanged, compared to its average volume of 84,758. The stock’s 50 day moving average price is $0.92 and its two-hundred day moving average price is $1.03. So-Young International has a twelve month low of $0.69 and a twelve month high of $1.52. The stock has a market cap of $101.19 million, a P/E ratio of 24.51 and a beta of 0.91.

So-Young International (NASDAQ:SY – Get Free Report) last announced its quarterly earnings results on Friday, August 23rd. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $56.06 million for the quarter. So-Young International had a return on equity of 1.32% and a net margin of 2.23%.

So-Young International Company Profile

(Get Free Report)

So-Young International Inc operates an online platform for consumption healthcare services in the People's Republic of China. The company offers So-Young Mobile App that offers users medical aesthetic knowledge and experience to reach an informed medical aesthetic treatment decision and make reservations for treatment with medical professionals and medical aesthetic institutions; So-Young Beauty which provides similar interfaces and functions as the mobile app, as well as serves as additional access points to the platform; and medical aesthetic community content through its website soyoung.com.

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