Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) Short Interest Update

Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 34,225 shares, a decline of 48.3% from the June 30th total of 66,210 shares. Based on an average daily volume of 1,366,109 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Investors Weigh In On Yimutian

A number of hedge funds have recently added to or reduced their stakes in YMT. Citadel Advisors LLC purchased a new position in shares of Yimutian in the 3rd quarter worth $309,000. XTX Topco Ltd purchased a new stake in Yimutian during the fourth quarter valued at $35,000. Finally, Millennium Management LLC bought a new position in Yimutian in the third quarter valued at about $41,000.

Yimutian Stock Up 2.5%

Yimutian stock opened at $0.33 on Friday. The business’s fifty day moving average is $0.63 and its 200 day moving average is $7.11. Yimutian has a one year low of $0.27 and a one year high of $90.75.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Yimutian in a research report on Wednesday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Yimutian currently has a consensus 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.