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

YSX Tech Co., Ltd (NASDAQ:YSXT) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 186,927 shares, an increase of 2,854.0% from the June 30th total of 6,328 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 992,385 shares, the short-interest ratio is currently 0.2 days.

YSX Tech Stock Down 1.3%

Shares of NASDAQ YSXT opened at $0.86 on Friday. YSX Tech has a twelve month low of $0.50 and a twelve month high of $5.01. The business has a fifty day simple moving average of $1.05 and a two-hundred day simple moving average of $1.17. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.05.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of YSX Tech in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, YSX Tech presently has a consensus rating of “Sell”.

Institutional Trading of YSX Tech

Institutional investors and hedge funds have recently made changes to their positions in the company. HRT Financial LP lifted its stake in YSX Tech by 73.8% in the fourth quarter. HRT Financial LP now owns 71,555 shares of the company’s stock worth $89,000 after acquiring an additional 30,381 shares during the period. Geode Capital Management LLC purchased a new stake in shares of YSX Tech in the 2nd quarter worth approximately $89,000. Finally, Jane Street Group LLC bought a new position in shares of YSX Tech during the fourth quarter valued at approximately $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.