111, Inc. (NASDAQ:YI) Sees Significant Increase in Short Interest

111, Inc. (NASDAQ:YI) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 13,000 shares, a growth of 132.1% from the June 15th total of 5,600 shares. Based on an average trading volume of 31,900 shares, the days-to-cover ratio is currently 0.4 days.

111 Trading Down 4.5 %

YI stock opened at $1.16 on Friday. The stock has a market cap of $98.78 million, a P/E ratio of -1.86 and a beta of 0.49. The stock’s fifty day simple moving average is $1.14 and its two-hundred day simple moving average is $1.27. 111 has a 1-year low of $0.97 and a 1-year high of $3.36.

111 (NASDAQ:YI) last issued its quarterly earnings results on Thursday, May 23rd. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $488.68 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in 111 stock. Tower Research Capital LLC TRC acquired a new stake in shares of 111, Inc. (NASDAQ:YI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,558 shares of the company’s stock, valued at approximately $29,000. 21.32% of the stock is currently owned by hedge funds and other institutional investors.

About 111

111, Inc, together with its subsidiaries, operates an integrated online and offline platform in the healthcare market in the People's Republic of China. It operates through two segments, B2C and B2B. The company sells medical and wellness products through online retail, and wholesale and retail pharmacies, as well as provides value-added services that include online consultation services and electronic prescription services to consumers.