Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) Short Interest Update

Yimutian Inc. – Sponsored ADR (NASDAQ:YMTGet Free Report) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 138,695 shares, an increase of 305.2% from the July 15th total of 34,225 shares. Based on an average trading volume of 857,998 shares, the days-to-cover ratio is presently 0.2 days. Currently, 1.8% of the company’s stock are short sold.

Hedge Funds Weigh In On Yimutian

Several hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC purchased a new position in Yimutian during the third quarter worth about $309,000. XTX Topco Ltd bought a new position in shares of Yimutian during the 4th quarter valued at about $35,000. Finally, Millennium Management LLC purchased a new position in shares of Yimutian during the 3rd quarter valued at about $41,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Yimutian in a research report on Wednesday, July 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

View Our Latest Stock Analysis on YMT

Yimutian Stock Down 1.2%

NASDAQ:YMT opened at $0.22 on Friday. Yimutian has a 12 month low of $0.20 and a 12 month high of $90.75. The firm’s 50 day moving average is $0.47 and its 200 day moving average is $5.12.

Yimutian’s stock is going to reverse split on the morning of Thursday, August 27th. The 1-16 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, August 26th.

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

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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