Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) Sees Significant Decrease in Short Interest

Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 54,872 shares, a drop of 94.1% from the May 14th total of 930,236 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 281,315 shares, the days-to-cover ratio is presently 0.2 days.

Yimutian Stock Performance

Shares of Yimutian stock opened at $0.82 on Wednesday. Yimutian has a one year low of $0.70 and a one year high of $90.75. The stock’s 50-day moving average is $2.15 and its 200-day moving average is $12.39.

Yimutian (NASDAQ:YMT) last announced its earnings results on Friday, May 15th. The company reported ($8.70) earnings per share (EPS) for the quarter. The company had revenue of $5.42 million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC acquired a new stake in Yimutian in the 3rd quarter valued at $309,000. XTX Topco Ltd acquired a new position in shares of Yimutian during the 4th quarter worth about $35,000. Finally, Millennium Management LLC bought a new position in shares of Yimutian in the 3rd quarter valued at about $41,000.

Analyst Ratings Changes

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

About Yimutian

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.