YSX Tech Co., Ltd (NASDAQ:YSXT) Sees Large Drop in Short Interest

YSX Tech Co., Ltd (NASDAQ:YSXT) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 567 shares, a drop of 87.4% from the May 31st total of 4,489 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 19,199 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On YSX Tech

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC purchased a new stake in shares of YSX Tech during the second quarter worth $89,000. HRT Financial LP grew its stake in 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 acquiring an additional 30,381 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in YSX Tech during the 4th quarter valued at about $279,000.

YSX Tech Trading Up 1.4%

Shares of NASDAQ YSXT opened at $1.06 on Friday. The company’s 50-day simple moving average is $1.11 and its 200-day simple moving average is $1.23. YSX Tech has a 52-week low of $0.93 and a 52-week high of $6.05.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of YSX Tech in a report on Thursday, April 2nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company 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.