Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) Stock Short Interest Jumps 1,544.1%

Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) saw a significant growth in short interest in October. As of October 30th, there was short interest totaling 171,475 shares, a growth of 1,544.1% from the October 15th total of 10,430 shares. Currently, 35.7% of the company’s stock are sold short. Based on an average trading volume of 1,650,527 shares, the short-interest ratio is presently 0.1 days.

Yimutian Stock Performance

Shares of Yimutian stock opened at $0.32 on Thursday. Yimutian has a twelve month low of $0.24 and a twelve month high of $532.80. The company’s 50 day moving average is $1.18 and its 200 day moving average is $57.34.

Shares of Yimutian are set to reverse split before the market opens on Monday, November 16th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, November 15th.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Yimutian in a research report on Tuesday, October 27th. Wall Street Zen raised Yimutian to a “hold” rating in a report on Saturday, October 17th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has a consensus rating of “Sell”.

Top Yimutian Stories

Here are a few of the latest stories about YMT:

• Neutral Sentiment: Trading was paused repeatedly under Limit Up-Limit Down (LULD) rules on November 11. These pauses are triggered by rapid price movements and indicate heightened volatility, but do not by themselves show whether shares are moving up or down.
• Neutral Sentiment: Short-interest reports conflict: one cited 171,475 shares sold short as of October 30, while a later report listed zero as of November 10. The inconsistent figures make it difficult to draw a reliable conclusion about short positioning.
• Neutral Sentiment: Yimutian’s planned 1-for-10 reverse split will change the number of shares outstanding and the per-share price proportionally; it does not, by itself, change the company’s underlying value.

About Yimutian

Yimutian Inc. operates a digital platform focused on China’s agricultural sector. The company connects farmers, agricultural businesses and other market participants through online information, product listing and transaction services. Its platform is designed to support the circulation and trading of agricultural products, equipment, supplies and related services. By bringing buyers and sellers together online, Yimutian seeks to improve access to agricultural information and make transactions more efficient across the farming and agricultural supply chain.