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

Yimutian Inc. – Sponsored ADR (NASDAQ:YMTGet Free Report) saw a large increase in short interest in 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 daily trading volume, of 677,250 shares, the short-interest ratio is currently 1.4 days. Currently, 12.2% of the shares of the stock are sold short.

Institutional Trading of Yimutian

Several institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC acquired a new stake in Yimutian in the 3rd quarter valued at approximately $309,000. XTX Topco Ltd acquired a new stake in Yimutian in the 4th quarter valued at approximately $35,000. Finally, Millennium Management LLC acquired a new position in shares of Yimutian in the third quarter worth $41,000.

Yimutian Trading Down 0.9%

Yimutian stock opened at $1.10 on Wednesday. Yimutian has a fifty-two week low of $0.78 and a fifty-two week high of $90.75. The firm has a 50 day moving average price of $2.49 and a 200 day moving average price of $13.15.

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

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Report on Yimutian

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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