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

YSX Tech Co., Ltd (NASDAQ:YSXT) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 186,927 shares, an increase of 2,854.0% from the June 30th total of 6,328 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 992,385 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On YSX Tech

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC acquired a new stake in YSX Tech during the 2nd quarter worth about $89,000. HRT Financial LP boosted its position in shares of YSX Tech by 73.8% during the 4th quarter. HRT Financial LP now owns 71,555 shares of the company’s stock valued at $89,000 after purchasing an additional 30,381 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in YSX Tech during the fourth quarter worth approximately $279,000.

YSX Tech Stock Down 1.3%

YSXT stock traded down $0.01 during trading on Friday, hitting $0.86. The company had a trading volume of 14,935 shares, compared to its average volume of 312,478. The business has a 50-day moving average of $1.05 and a 200-day moving average of $1.17. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.79 and a current ratio of 2.79. YSX Tech has a one year low of $0.50 and a one year high of $5.01.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of YSX Tech in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

About YSX Tech

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.