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Short Interest in Noah Holdings Ltd. (NYSE:NOAH) Increases By 27.3%
Short interest in Noah Holdings Ltd. (NYSE:NOAH) rose significantly by 27.3% in April, reaching 360,759 shares, which accounts for 1.0% of its float. This increase comes amid multiple analyst downgrades, with the stock currently holding a “Reduce” consensus rating and trading near the lower end of its 52-week range. Hedge funds have also been adjusting their positions in the wealth and asset management firm.