Jupai Holdings Limited American (NYSE:JP) Makes Big Gains in the Market Today – Up by 10.20%

0
16

(NYSE:JP) is trading up by 10.20% at $12.53 and has one of the biggest price gains of the day. So far 373,642 shares have changed hands.

Shares last traded at $12.53 which is impressively higher than the 50 day moving average of $11.05 and quite a bit higher than the 200 day moving average of $11.05. The 50 day moving average went up by +13.35% whereas the 200 day moving average was up $1.48 or +13.35%.

Traders are feeling more bearish on shares of the company recently at least if you consider the motion in short interest. The stock recorded a rise in short interest between August 15, 2017 and August 31, 2017 of 243.56%. Short interest increased 31,529 over that timeframe. With short interest at 44,474 and short average daily volume at 450,274, the short-interest ratio is 0.0 and the percentage of shorted shares is 0.00% as of August 31.

These funds have shifted positions in (JP). Renaissance Technologies LLC bolstered its position by buying 19,409 shares an increase of 133.0%. Renaissance Technologies LLC now controls 34,000 shares worth $266,000. The value of the position overall is up by 104.6%. Acadian Asset Management LLC grew its holdings by buying 29,480 shares an increase of 367.8% from 03/31/2017 to 06/30/2017. Acadian Asset Management LLC now holds 37,496 shares valued at $292,000. The total value of its holdings increased 311.3%.

As of the end of the quarter Morgan Stanley had bought 1,225 shares growing its position 1,633.3%. The value of the total investment in Jupai Holdings Limited American increased from $1,000 to $10,000 a change of $9,000 quarter to quarter. Bank Of America Corp /de/ reduced its investment by shedding 406 shares a decrease of 38.3% in the quarter. Bank Of America Corp /de/ currently owns 653 shares with a value of $5,000. The value of the position overall is down by 44.4%.

The company’s P/E ratio is 8.12 and market capitalization is 374.65M.

Jupai Holdings Limited provides wealth management services in China. The company is based in China..