From MarketBeat:

111, Inc. experienced a significant drop in short interest in December. There were 29,200 shares shorted, down 47% from the previous total. The stock opened at $1.53 on Friday, with a market capitalization of $127.79 million. The company’s 50-day moving average price stands at $1.85, and its two-hundred day moving average price is $2.39.

In the last quarter, several hedge funds and institutional investors bought and sold shares of 111, Inc. State Street Corp grew its stake by 17.9% in the first quarter. The company issued earnings results on November 30th, reporting an EPS of ($0.16) and revenue of $502.36 million for the quarter. Institutional investors now own 21.16% of the company’s stock.

111, Inc, an integrated online and offline healthcare platform in China, has seen several hedge funds and institutions buy and sell shares recently. The company sells medical and wellness products, and is divided into B2C and B2B segments. This news was reviewed by MarketBeat’s editorial team.



Read more: Short Interest in 111, Inc. (NASDAQ:YI) Declines By 47.0%