Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) Shares Shorted: Short Interest Up 952.0% in September

Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 176,487 shares, an increase of 952.0% from the September 15th total of 16,777 shares. Based on an average daily volume of 4,419,453 shares, the short-interest ratio is presently 0.0 days. Currently, 36.8% of the shares of the company are sold short.

Yimutian Stock Down 9.9%

YMT traded down $0.11 during trading on Friday, hitting $0.99. The company’s stock had a trading volume of 89,261 shares, compared to its average volume of 2,659,232. Yimutian has a twelve month low of $0.98 and a twelve month high of $532.80. The business’s fifty day simple moving average is $2.75 and its 200 day simple moving average is $17.14.

Analyst Upgrades and Downgrades

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

About Yimutian

Yimutian Inc operates an agricultural business-to-business e-commerce platform in China. Its online marketplace is designed to connect agricultural producers, suppliers, distributors and buyers, supporting the sourcing and sale of fresh agricultural products and related goods.

The company’s platform provides product listings, transaction and information services, and tools intended to facilitate agricultural commerce. Its business focuses on helping participants in the agricultural supply chain discover trading opportunities and conduct transactions through digital channels.

Yimutian primarily serves users in China and is associated with the broader modernization of agricultural distribution through internet-based marketplaces.