Yimutian Inc. – Sponsored ADR (NASDAQ:YMT – Get Free Report) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 54,872 shares, a decrease of 94.1% from the May 14th total of 930,236 shares. Based on an average daily volume of 281,315 shares, the short-interest ratio is presently 0.2 days. Approximately 0.7% of the company’s stock are short sold.
Institutional Trading of Yimutian
Large investors have recently modified their holdings of the business. Millennium Management LLC acquired a new stake in shares of Yimutian during the third quarter valued at about $41,000. XTX Topco Ltd acquired a new stake in shares of Yimutian during the fourth quarter valued at about $35,000. Finally, Citadel Advisors LLC acquired a new position in Yimutian in the third quarter worth about $309,000.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded Yimutian from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Yimutian presently has an average rating of “Sell”.
Yimutian Stock Down 6.2%
NASDAQ YMT traded down $0.05 during trading hours on Tuesday, hitting $0.82. The company had a trading volume of 470,309 shares, compared to its average volume of 183,487. The firm’s 50 day moving average is $2.15 and its 200 day moving average is $12.39. Yimutian has a fifty-two week low of $0.70 and a fifty-two week high of $90.75.
Yimutian (NASDAQ:YMT – Get Free Report) last announced its earnings results on Friday, May 15th. The company reported ($8.70) earnings per share for the quarter. The firm had revenue of $5.42 million during the quarter.
About Yimutian
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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