Short Interest in 111, Inc. (NASDAQ:YI) Rises By 167.4%

111, Inc. (NASDAQ:YI) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 85,300 shares, a growth of 167.4% from the December 15th total of 31,900 shares. Based on an average daily volume of 216,500 shares, the short-interest ratio is currently 0.4 days.

111 Price Performance

NASDAQ:YI opened at $0.47 on Wednesday. 111 has a 1-year low of $0.41 and a 1-year high of $1.64. The business has a 50 day moving average of $0.70 and a 200 day moving average of $0.83. The company has a market capitalization of $39.85 million, a price-to-earnings ratio of -1.16 and a beta of 0.43.

Shares of 111 are set to reverse split on Friday, January 24th. The 1-10 reverse split was announced on Wednesday, January 8th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, January 23rd.

About 111

111, Inc engages in the provision of pharmaceutical products and medical services through online retail pharmacy and indirectly through offline pharmacy network. It operates through the B2C and B2B segments. The B2C segment engages in the sale of pharmaceutical and other health and wellness products directly to consumers through 1 Drugstore and its offline pharmacies.