Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) Sees Significant Decrease in Short Interest

Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 34,225 shares, a drop of 48.3% from the June 30th total of 66,210 shares. Based on an average daily trading volume, of 1,366,109 shares, the short-interest ratio is currently 0.0 days. Currently, 0.4% of the shares of the company are short sold.

Institutional Trading of Yimutian

Several large investors have recently made changes to their positions in YMT. Millennium Management LLC bought a new position in Yimutian in the third quarter valued at approximately $41,000. XTX Topco Ltd bought a new position in shares of Yimutian in the 4th quarter valued at $35,000. Finally, Citadel Advisors LLC acquired a new position in shares of Yimutian during the 3rd quarter worth $309,000.

Yimutian Trading Down 0.6%

Shares of YMT stock opened at $0.32 on Thursday. The stock has a 50 day simple moving average of $0.64 and a 200 day simple moving average of $7.33. Yimutian has a 1 year low of $0.27 and a 1 year high of $90.75.

Yimutian (NASDAQ:YMT) last released 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 during the quarter.

Wall Street Analyst Weigh In

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

Yimutian Company Profile

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.