Yunji’s (NASDAQ:YJ) lock-up period will end on Wednesday, October 30th. Yunji had issued 11,000,000 shares in its public offering on May 3rd. The total size of the offering was $121,000,000 based on an initial share price of $11.00. After the end of Yunji’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.
Separately, JPMorgan Chase & Co. lowered shares of Yunji from an “overweight” rating to a “neutral” rating in a research report on Thursday, August 29th.
Shares of NASDAQ:YJ traded down $0.08 during trading on Thursday, reaching $3.97. 278,700 shares of the company were exchanged, compared to its average volume of 183,739. Yunji has a 12-month low of $3.90 and a 12-month high of $18.20. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.35 and a current ratio of 1.65. The business’s fifty day simple moving average is $5.52.
Several institutional investors have recently modified their holdings of the stock. Yong Rong HK Asset Management Ltd purchased a new stake in shares of Yunji during the second quarter worth about $22,374,000. Yiheng Capital LLC acquired a new position in Yunji in the 2nd quarter valued at about $6,215,000. Picton Mahoney Asset Management purchased a new stake in shares of Yunji in the 2nd quarter valued at approximately $396,000. Finally, Morgan Stanley purchased a new stake in shares of Yunji in the 2nd quarter valued at approximately $82,000. 7.65% of the stock is owned by hedge funds and other institutional investors.
Yunji Inc operates a social e-commerce platform in the People's Republic of China. It offers a range of product categories that cater various daily needs of users and their households, including beauty and personal care, household goods, food and fresh produce, computer and electronics, apparel, bags and cases, baby and maternity products, and home appliances.
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