Youxin Technology Ltd (NASDAQ:YAAS) Shares Shorted: Short Interest Down 80.9% in September

Youxin Technology Ltd (NASDAQ:YAAS) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 12,393 shares, a decrease of 80.9% from the August 31st total of 64,938 shares. Based on an average daily volume of 38,761 shares, the days-to-cover ratio is currently 0.3 days. Approximately 1.4% of the company’s stock are short sold.

Youxin Technology Price Performance

Shares of NASDAQ YAAS opened at $1.24 on Friday. The stock has a 50 day moving average price of $2.33 and a 200 day moving average price of $3.85. Youxin Technology has a 52 week low of $0.56 and a 52 week high of $8.77.

Youxin Technology (NASDAQ:YAAS) last posted its quarterly earnings results on Thursday, August 27th. The company reported ($0.10) earnings per share for the quarter. The business had revenue of $0.94 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Youxin Technology in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

About Youxin Technology

Youxin Technogy Ltd. operates as an investment holding company. It is a software as a service and platform as a service provider. The firm develops, uses and controls business applications without the need to purchase complex information technology infrastructure. The company was founded by Sun Jin Hou and Lin Shao Zhang on October 21, 2022 and is headquartered in Guangzhou, China.