Short Interest in Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) Declines By 48.3%

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

Institutional Trading of Yimutian

Hedge funds and other institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC bought a new position in Yimutian in the 3rd quarter valued at approximately $309,000. XTX Topco Ltd bought a new stake in Yimutian during the 4th quarter worth approximately $35,000. Finally, Millennium Management LLC acquired a new position in Yimutian in the 3rd quarter valued at approximately $41,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Yimutian from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Yimutian Stock Performance

Shares of NASDAQ YMT traded down $0.00 during midday trading on Wednesday, reaching $0.32. 34,888 shares of the company were exchanged, compared to its average volume of 502,343. The stock’s 50-day moving average price is $0.66 and its 200-day moving average price is $7.53. Yimutian has a one year low of $0.27 and a one year high of $90.75.

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

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.