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

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

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Analysis on Yimutian

Yimutian Stock Performance

NASDAQ:YMT traded down $0.51 during trading hours on Wednesday, hitting $1.28. The company’s stock had a trading volume of 580,302 shares, compared to its average volume of 365,042. The stock has a fifty day moving average of $3.47 and a 200-day moving average of $22.01. Yimutian has a 52-week low of $1.35 and a 52-week high of $532.80.

Yimutian Company Profile

(Get Free Report)

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.

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