Short Interest in Youxin Technology Ltd (NASDAQ:YAAS) Declines By 81.4%

Youxin Technology Ltd (NASDAQ:YAAS) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 64,301 shares, a decrease of 81.4% from the April 30th total of 344,800 shares. Currently, 2.8% of the shares of the company are sold short. Based on an average trading volume of 168,917 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Youxin Technology

An institutional investor recently bought a new position in Youxin Technology stock. XTX Topco Ltd bought a new stake in Youxin Technology Ltd (NASDAQ:YAAS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 19,151 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned approximately 0.82% of Youxin Technology as of its most recent SEC filing.

Youxin Technology Stock Performance

YAAS traded down $0.00 on Friday, reaching $0.90. The company had a trading volume of 22,441 shares, compared to its average volume of 1,895,037. The company has a fifty day moving average of $1.00 and a 200-day moving average of $1.29. Youxin Technology has a one year low of $0.75 and a one year high of $560.00.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Youxin Technology in a research report on Monday, April 20th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Youxin Technology Company Profile

Youxin Technogy Ltd. operates as an investment holding company. It is a software as a service and platform as a service provider. The firm develops, uses and controls business applications without the need to purchase complex information technology infrastructure. The company was founded by Sun Jin Hou and Lin Shao Zhang on October 21, 2022 and is headquartered in Guangzhou, China.