111, Inc. (NASDAQ:YI) Sees Large Growth in Short Interest

111, Inc. (NASDAQ:YI) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 80,300 shares, a growth of 1,216.4% from the August 15th total of 6,100 shares. Based on an average daily volume of 85,600 shares, the days-to-cover ratio is currently 0.9 days.

111 Stock Up 2.1 %

Shares of 111 stock opened at $0.63 on Friday. The company has a 50 day moving average price of $0.98 and a 200 day moving average price of $1.11. 111 has a 52 week low of $0.60 and a 52 week high of $2.70.

Hedge Funds Weigh In On 111

An institutional investor recently bought a new position in 111 stock. Deuterium Capital Management LLC purchased a new position in 111, Inc. (NASDAQ:YI) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 100,000 shares of the company’s stock, valued at approximately $116,000. Deuterium Capital Management LLC owned 0.12% of 111 at the end of the most recent quarter. Hedge funds and other institutional investors own 21.32% of the company’s stock.

111 Company Profile

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.