Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) Short Interest Up 72.3% in May

Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 930,236 shares, a growth of 72.3% from the April 30th total of 539,859 shares. Based on an average daily trading volume, of 677,250 shares, the days-to-cover ratio is presently 1.4 days. Currently, 12.2% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Yimutian from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Yimutian has an average rating of “Sell”.

Hedge Funds Weigh In On Yimutian

Several institutional investors and hedge funds have recently modified their holdings of the business. XTX Topco Ltd bought a new stake in Yimutian in the 4th quarter valued at approximately $35,000. Millennium Management LLC bought a new stake in Yimutian in the 3rd quarter valued at approximately $41,000. Finally, Citadel Advisors LLC bought a new stake in shares of Yimutian during the 3rd quarter worth approximately $309,000.

Yimutian Stock Down 2.7%

Shares of NASDAQ YMT opened at $1.07 on Thursday. Yimutian has a 1 year low of $0.78 and a 1 year high of $90.75. The firm’s 50-day moving average is $2.36 and its 200-day moving average is $12.88.

Yimutian (NASDAQ:YMT) last posted its earnings results on Friday, May 15th. The company reported ($8.70) earnings per share (EPS) for the quarter. The firm 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.