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

Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) 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. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 281,315 shares, the short-interest ratio is presently 0.2 days.

Yimutian Stock Performance

NASDAQ:YMT opened at $0.69 on Thursday. The company has a 50-day moving average of $2.11 and a 200-day moving average of $12.28. Yimutian has a twelve month low of $0.66 and a twelve month high of $90.75.

Yimutian (NASDAQ:YMT) last released its earnings results 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.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Yimutian from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Yimutian presently has an average rating of “Sell”.

Institutional Trading of Yimutian

A number of hedge funds have recently modified their holdings of YMT. XTX Topco Ltd acquired a new position in Yimutian in the fourth quarter valued at about $35,000. Millennium Management LLC bought a new position in Yimutian in the third quarter valued at approximately $41,000. Finally, Citadel Advisors LLC acquired a new position in shares of Yimutian in the third quarter valued at approximately $309,000.

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.