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

YSX Tech Co., Ltd (NASDAQ:YSXT) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 44,230 shares, a decrease of 76.3% from the July 15th total of 186,927 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 62,687 shares, the days-to-cover ratio is currently 0.7 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of YSX Tech in a report on Tuesday, June 30th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, YSX Tech presently has an average rating of “Sell”.

YSX Tech Trading Down 1.2%

Shares of YSXT stock traded down $0.01 during midday trading on Thursday, reaching $0.98. 6,986 shares of the company traded hands, compared to its average volume of 290,041. The firm’s 50 day simple moving average is $1.03 and its two-hundred day simple moving average is $1.13. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.79 and a quick ratio of 2.79. YSX Tech has a 1-year low of $0.50 and a 1-year high of $5.01.

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 in the second quarter valued at $89,000. HRT Financial LP raised its stake 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 worth $89,000 after buying an additional 30,381 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of YSX Tech during the 4th quarter worth $279,000.

YSX Tech Company Profile

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.