Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Shah Capital Increased Its Position in $YTEC

Shah Capital recently increased it passive position in Yucheng Technologies Ltd (YTEC). According to the 13G filing on October 31rd, the firm now has approximately 1.75 million shares in YTEC, or 9.42% stake, doubled from its position in the second quarter. YTEC is in a downturn after the second quarter and has lost 31% year to date. The stock is priced at $2.5 now.

Four hedge funds were bullish about YTEC in the second quarter. Beside Shah Capital, Chuck Royce’s Royce & Associates had 843 thousand shares; George Soros’ Soros Fund Management had 200 thousand shares; Philip Hempleman’s Ardsley Partners had 50 thousand shares.

setting up a hedge fund

Yucheng Technologies Ltd is a provider of information technology (IT), software, solutions and services to the People’s Republic of China’s banking sector. The company develops and delivers a range of technologies, including Software & Solutions, and Platform & Maintenance Services. The company is based in Beijing, China.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!