YSX Tech Co., Ltd (NASDAQ:YSXT) Sees Significant Growth in Short Interest

YSX Tech Co., Ltd (NASDAQ:YSXTGet Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 11,333 shares, an increase of 83.8% from the April 30th total of 6,165 shares. Based on an average daily trading volume, of 40,667 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in YSXT. HRT Financial LP grew its stake in YSX Tech by 73.8% during the fourth quarter. HRT Financial LP now owns 71,555 shares of the company’s stock worth $89,000 after buying an additional 30,381 shares during the period. Geode Capital Management LLC bought a new stake in shares of YSX Tech during the 2nd quarter worth about $89,000. Finally, Jane Street Group LLC acquired a new position in shares of YSX Tech during the 4th quarter valued at $279,000.

YSX Tech Price Performance

Shares of NASDAQ YSXT traded up $0.03 during trading on Wednesday, hitting $1.04. 6,609 shares of the company were exchanged, compared to its average volume of 315,784. YSX Tech has a 1 year low of $0.93 and a 1 year high of $9.44. The firm’s fifty day moving average price is $1.15 and its 200 day moving average price is $1.37.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of YSX Tech in a research note on Thursday, April 2nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

View Our Latest Stock Report on YSXT

About YSX Tech

(Get Free Report)

YSX Tech. Co Ltd. engages in providing comprehensive business solutions to enterprise customers, mainly insurance companies and brokerages in China. Its service includes electronic engineering, PCB fabrication, SMT and PCB assembly, components sourcing, prototyping, box build, turn-key solution and other value-added services for a broad range of companies with regard to telecommunication, consumptive electronics, industrial test and control, medical equipment, power supply, security, vehicle and more.

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