Hywin Holdings Ltd. (NASDAQ:HYW) Sees Large Decrease in Short Interest

Hywin Holdings Ltd. (NASDAQ:HYWGet Rating) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totalling 4,300 shares, a decline of 46.9% from the April 15th total of 8,100 shares. Based on an average daily trading volume, of 42,400 shares, the short-interest ratio is presently 0.1 days.

A hedge fund recently raised its stake in Hywin stock. Renaissance Technologies LLC increased its position in Hywin Holdings Ltd. (NASDAQ:HYWGet Rating) by 75.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,500 shares of the company’s stock after purchasing an additional 8,400 shares during the period. Renaissance Technologies LLC owned 0.07% of Hywin worth $145,000 at the end of the most recent reporting period.

Shares of HYW traded down $0.37 during mid-day trading on Friday, hitting $6.41. 29,109 shares of the company’s stock traded hands, compared to its average volume of 37,248. Hywin has a 1 year low of $5.15 and a 1 year high of $8.25. The business’s 50-day moving average price is $7.12 and its 200-day moving average price is $6.27.

About Hywin (Get Rating)

Hywin Holdings Ltd., through its subsidiaries, provides wealth management, insurance brokerage, and asset management service in China. It distributes private market investment products comprising asset-backed products, such as real estate securitization products, and equity investments in real estate projects or private project companies; venture capital, private equity, and hedge funds; and supply chain financing products, cash management products, and funds managed by its subsidiaries.

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