Zhengye Biotechnology Holding Limited (NASDAQ:ZYBT) Stock Short Interest Falls 41.3%

Zhengye Biotechnology Holding Limited (NASDAQ:ZYBT) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 67,594 shares, a drop of 41.3% from the September 30th total of 115,090 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 3,118,131 shares, the short-interest ratio is currently 0.0 days.

Zhengye Biotechnology Trading Up 2.3%

NASDAQ ZYBT opened at $1.33 on Tuesday. The business’s fifty day moving average is $1.46 and its 200 day moving average is $1.16. Zhengye Biotechnology has a fifty-two week low of $0.62 and a fifty-two week high of $8.01.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Zhengye Biotechnology in a research note on Friday, October 16th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, Zhengye Biotechnology presently has a consensus rating of “Sell”.

About Zhengye Biotechnology

Zhengye Biotechnology Group Co, Ltd. is a China-based biotechnology company focused on developing, manufacturing and selling biological products for the agricultural and animal husbandry industries. Its business is centered on applying microbial technologies to support animal health, livestock production and crop cultivation.

The company’s product offerings include microbial-based products used in animal feed and agricultural production, as well as related biological solutions intended to improve farming efficiency and promote healthier livestock and crops.