Short Interest in Youxin Technology Ltd (NASDAQ:YAAS) Decreases By 87.2%

Youxin Technology Ltd (NASDAQ:YAAS) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 14,139 shares, a decrease of 87.2% from the July 30th total of 110,589 shares. Based on an average daily volume of 46,539 shares, the days-to-cover ratio is currently 0.3 days. Approximately 1.6% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Youxin Technology stock. XTX Topco Ltd bought a new position in shares of Youxin Technology Ltd (NASDAQ:YAAS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 19,151 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned approximately 0.82% of Youxin Technology at the end of the most recent quarter.

Youxin Technology Stock Down 14.0%

Shares of NASDAQ YAAS traded down $0.35 during midday trading on Friday, hitting $2.15. 273,750 shares of the company’s stock were exchanged, compared to its average volume of 1,420,133. Youxin Technology has a 12-month low of $0.56 and a 12-month high of $26.60. The business’s fifty day moving average price is $3.37 and its two-hundred day moving average price is $4.52.

Youxin Technology (NASDAQ:YAAS) last issued its earnings results on Thursday, August 27th. The company reported ($0.10) earnings per share (EPS) for the quarter. The business had revenue of $0.94 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Youxin Technology in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

About Youxin Technology

Youxin Technogy Ltd. operates as an investment holding company. It is a software as a service and platform as a service provider. The firm develops, uses and controls business applications without the need to purchase complex information technology infrastructure. The company was founded by Sun Jin Hou and Lin Shao Zhang on October 21, 2022 and is headquartered in Guangzhou, China.