Is Noah Holdings Limited (NYSE:NOAH)’s Fuel Running Low? Reports Show More Sellers

The stock of Noah Holdings Limited (NYSE:NOAH) registered an increase of 3.34% in short interest. NOAH’s total short interest was 4.02 million shares in August as published by FINRA. Its up 3.34% from 3.89 million shares, reported previously. With 439,300 shares average volume, it will take short sellers 9 days to cover their NOAH’s short positions. The short interest to Noah Holdings Limited’s float is 10.79%.

The stock decreased 1.63% or $0.48 during the last trading session, reaching $29.04. About 3,930 shares traded. Noah Holdings Limited (NYSE:NOAH) has declined 37.23% since August 12, 2018 and is downtrending. It has underperformed by 37.23% the S&P500.

Noah Holdings Limited, through its subsidiaries, operates as a wealth management service well-known provider with focus on wealth investment and asset allocation services for high net worth individuals and enterprises in the People's Republic of China. The company has market cap of $1.75 billion. The Company’s wealth management services and products include fixed income products, such as corporate credit products, real estate credit funds, factoring products, and mezzanine financing products linked to corporate merger and acquisitions and buyouts, and others; private equity products, such as investments in various private equity funds sponsored by domestic and international asset/fund management firms, as well as real estate equity funds and private equity funds of funds; secondary market equity fund products; and insurance products, mutual funds, and other products. It has a 13.95 P/E ratio.

More notable recent Noah Holdings Limited (NYSE:NOAH) news were published by: Finance.Yahoo.com which released: “Noah Holdings Limited (NYSE:NOAH): Immense Growth Potential? – Yahoo Finance” on May 06, 2019, also Seekingalpha.com with their article: “On Deck Capital, Inc. (ONDK) CEO Noah Breslow on Q2 2019 Results – Earnings Call Transcript – Seeking Alpha” published on July 29, 2019, Finance.Yahoo.com published: “Noah Holdings Provides Updates on Status of Certain Credit Funds Managed by Shanghai Gopher Asset Management – Yahoo Finance” on July 08, 2019. More interesting news about Noah Holdings Limited (NYSE:NOAH) were released by: Finance.Yahoo.com and their article: “Hedge Funds Have Never Been This Bullish On Noah Holdings Limited (NOAH) – Yahoo Finance” published on June 26, 2019 as well as Finance.Yahoo.com‘s news article titled: “Noah Holdings Limited (NOAH) Q1 2019 Earnings Call Transcript – Yahoo Finance” with publication date: May 17, 2019.

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