Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) Stock Short Interest Falls 94.1%

Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 10,430 shares, a drop of 94.1% from the September 30th total of 176,487 shares. Approximately 2.2% of the company’s shares are sold short. Based on an average trading volume of 370,848 shares, the days-to-cover ratio is presently 0.0 days.

Yimutian Stock Performance

NASDAQ YMT traded down $0.06 during trading hours on Monday, reaching $0.49. The company’s stock had a trading volume of 61,991 shares, compared to its average volume of 2,643,894. Yimutian has a 1-year low of $0.47 and a 1-year high of $532.80. The company’s 50-day moving average is $1.90 and its two-hundred day moving average is $86.96.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Yimutian in a research note on Wednesday, July 29th. Wall Street Zen upgraded Yimutian to a “hold” rating in a report on Saturday, October 17th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Yimutian Company Profile

Yimutian Inc operates an agricultural business-to-business e-commerce platform in China. Its online marketplace is designed to connect agricultural producers, suppliers, distributors and buyers, supporting the sourcing and sale of fresh agricultural products and related goods.

The company’s platform provides product listings, transaction and information services, and tools intended to facilitate agricultural commerce. Its business focuses on helping participants in the agricultural supply chain discover trading opportunities and conduct transactions through digital channels.

Yimutian primarily serves users in China and is associated with the broader modernization of agricultural distribution through internet-based marketplaces.