Short Interest in Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) Rises By 305.2%

Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 138,695 shares, an increase of 305.2% from the July 15th total of 34,225 shares. Based on an average daily volume of 857,998 shares, the days-to-cover ratio is presently 0.2 days. Approximately 1.8% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Yimutian in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Citadel Advisors LLC purchased a new stake in shares of Yimutian during the 3rd quarter worth approximately $309,000. XTX Topco Ltd purchased a new position in shares of Yimutian in the 4th quarter worth approximately $35,000. Finally, Millennium Management LLC bought a new stake in Yimutian in the third quarter worth $41,000.

Yimutian Price Performance

YMT traded down $0.01 during trading on Friday, hitting $0.22. 406,747 shares of the company traded hands, compared to its average volume of 1,059,665. Yimutian has a one year low of $0.20 and a one year high of $90.75. The stock’s fifty day moving average is $0.48 and its 200 day moving average is $5.15.

Shares of Yimutian are going to reverse split before the market opens on Thursday, August 27th. The 1-16 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, August 26th.

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

Yimutian Company Profile

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.