Full Truck Alliance Co. Ltd. (NYSE:YMM) Brief Interest Update


Full Truck Alliance Co. Ltd. (NYSE:YMM – Get Rating) saw a surge in short-term interest during the month of March. As of March 31, there was short interest totaling 26,450,000 shares, an increase of 30.2% from the March 15 total of 20,320,000 shares. Based on an average daily volume of 7,380,000 shares, the day-to-cover ratio is currently 3.6 days. Currently, 3.1% of the stock’s shares are sold short.

YMM was down $0.27 on Monday, hitting $5.84. 224,413 shares of the company were traded, against an average volume of 7,297,564. Full Truck Alliance has a fifty-two week low of $4.12 and a fifty-two week high of $22.80. The company has a 50-day moving average price of $7.65 and a 200-day moving average price of $10.34.

A number of institutional investors and hedge funds have recently changed their positions in YMM. Bank of America Corp DE acquired a new position in shares of Full Truck Alliance during Q2, valued at approximately $56,000. Flow Traders US LLC acquired a new position in shares of Full Truck Alliance during Q4, valued at approximately $110,000. Bayesian Capital Management LP acquired a new position in shares of Full Truck Alliance during Q4 valued at approximately $115,000. Morgan Stanley acquired a new position in shares of Full Truck Alliance during the 2nd quarter valued at approximately $350,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Full Truck Alliance in the fourth quarter worth approximately $154,000. 10.57% of the shares are currently held by institutional investors.

Separately, Citigroup lowered its target price on Full Truck Alliance shares from $16.50 to $15.00 in a Wednesday, March 2 research note.

About Full Truck Alliance (Get a rating)

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments of distances, weights and types of freight in the People’s Republic of China. It offers listing, matching and freight brokerage services; and online transaction services, as well as various value-added services.

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