The stock is trading at $22.41 a great deal higher than $17.81, the stock’s 50 day moving average and significantly above the 200 day moving average of $11.14. The 50 day moving average was up by +25.84% whereas the 200 day moving average was up $11.27 or +101.20%. Jupai Holdings Limited American shares had a trading volume of 503K on Tuesday. Overall, volume was down 53.56% under the stocks normal daily volume.
Short traders are more bearish on Jupai Holdings Limited American of late if you put credence in the rise in short interest. The stock saw a rise in short interest of 487.07% between September 29, 2017 and October 13, 2017. Short shares increased from 39,475 to 231,747 over that timeframe. The short-interest ratio decreased to 0.0 and the percentage of shorted shares is 0.01% as of October 13.
Here are a few substantial investment firms who have updated their positions. Bank Of America Corp /de/ downsized its holdings by shedding 406 shares a decrease of 38.3% as of 06/30/2017. Bank Of America Corp /de/ currently owns 653 shares worth $5,000. The total value of its holdings decreased 44.4%. Morgan Stanley grew its stake by buying 1,225 shares an increase of 1,633.3% in the quarter. Morgan Stanley controls 1,300 shares with a value of $10,000. The value of the position overall is up by 900.0%.
As of quarter end Renaissance Technologies LLC had acquired 19,409 shares growing its holdings by 133.0%. The value of the investment in JP increased from $130,000 to $266,000 a change of 104.6% for the reporting period. Acadian Asset Management LLC divested its investment by selling 21,845 shares a decrease of 58.3% from 06/30/2017 to 09/30/2017. Acadian Asset Management LLC now controls 15,651 shares valued at $204,000. The total value of its holdings decreased 30.1%.
The P/E ratio is currently 14.35 and the market value is 670.06M.
Jupai Holdings Limited provides wealth management services in China. The company is based in China..