Short Interest in Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) Expands By 72.3%

Yimutian Inc. – Sponsored ADR (NASDAQ:YMTGet Free Report) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 930,236 shares, an increase of 72.3% from the April 30th total of 539,859 shares. Based on an average trading volume of 677,250 shares, the short-interest ratio is currently 1.4 days. Currently, 12.2% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Yimutian from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

View Our Latest Stock Analysis on YMT

Yimutian Price Performance

YMT stock opened at $1.10 on Wednesday. The company’s 50-day simple moving average is $2.49 and its 200-day simple moving average is $13.15. Yimutian has a 52-week low of $0.78 and a 52-week high of $90.75.

Yimutian (NASDAQ:YMTGet Free Report) last posted its earnings results on Friday, May 15th. The company reported ($8.70) earnings per share (EPS) for the quarter. The firm had revenue of $5.42 million for the quarter.

Institutional Investors Weigh In On Yimutian

Several hedge funds have recently modified their holdings of YMT. XTX Topco Ltd purchased a new stake in shares of Yimutian during the 4th quarter worth about $35,000. Millennium Management LLC acquired a new stake in Yimutian in the 3rd quarter worth about $41,000. Finally, Citadel Advisors LLC purchased a new stake in Yimutian during the 3rd quarter worth approximately $309,000.

Yimutian Company Profile

(Get Free Report)

Our mission is to make every acre of farmland more valuable via technology and industry know-how. We are the largest agricultural B2B platform in mainland China in terms of monthly active merchants in 2024, according to the F&S Report. We believe technology plays a critical role in agriculture, contributing to increased productivity of the industry. Over a decade, we have been dedicated to digitalizing China’s agricultural product supply chain infrastructure to streamline the agricultural product transaction process, making it efficient, transparent, secure, and convenient.

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