Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) Sees Large Decline in Short Interest

Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 16,777 shares, a decline of 41.8% from the August 31st total of 28,829 shares. Currently, 3.5% of the company’s stock are short sold. Based on an average daily volume of 95,325 shares, the short-interest ratio is currently 0.2 days.

Yimutian Stock Performance

NASDAQ YMT traded down $0.51 on Wednesday, hitting $1.28. 580,302 shares of the company’s stock traded hands, compared to its average volume of 365,042. The firm’s 50-day moving average price is $3.47 and its two-hundred day moving average price is $22.01. Yimutian has a 1-year low of $1.35 and a 1-year high of $532.80.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Yimutian in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Yimutian presently has an average rating of “Sell”.

About Yimutian

Yimutian Inc operates an agricultural products and services platform in China. Its business is centered on connecting participants across the agricultural supply chain, including farmers, suppliers, distributors and buyers.

The company’s platform supports the buying and selling of agricultural products and agricultural inputs. It also provides information and transaction-related services intended to help users source products, reach customers and manage agricultural commerce more efficiently.

Yimutian primarily serves the Chinese agricultural market through its online platform and related services.