Short Interest in Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) Declines By 48.3%

Yimutian Inc. – Sponsored ADR (NASDAQ:YMTGet Free Report) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 34,225 shares, a decrease of 48.3% from the June 30th total of 66,210 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 1,366,109 shares, the short-interest ratio is currently 0.0 days.

Yimutian Stock Performance

Yimutian stock traded down $0.00 during trading hours on Wednesday, reaching $0.32. 34,888 shares of the company’s stock were exchanged, compared to its average volume of 502,343. The firm’s 50 day simple moving average is $0.66 and its 200 day simple moving average is $7.53. Yimutian has a twelve month low of $0.27 and a twelve month high of $90.75.

Yimutian (NASDAQ:YMTGet Free Report) last announced its quarterly earnings data on Friday, May 15th. The company reported ($8.70) earnings per share (EPS) for the quarter. The firm had revenue of $5.42 million during the quarter.

Institutional Trading of Yimutian

Large investors have recently modified their holdings of the stock. XTX Topco Ltd bought a new stake in shares of Yimutian in the 4th quarter valued at $35,000. Millennium Management LLC bought a new position in Yimutian during the third quarter worth $41,000. Finally, Citadel Advisors LLC bought a new position in Yimutian during the third quarter worth $309,000.

Analyst Ratings Changes

Separately, Weiss Ratings raised Yimutian from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Read Our Latest Analysis on Yimutian

About Yimutian

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Yimutian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yimutian and related companies with MarketBeat.com's FREE daily email newsletter.