Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) Stock Short Interest Climbs 952.0%

Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 176,487 shares, an increase of 952.0% from the September 15th total of 16,777 shares. Approximately 36.8% of the company’s stock are sold short. Based on an average daily trading volume, of 4,419,453 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Yimutian in a research report on Wednesday, July 29th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, Yimutian currently has a consensus rating of “Sell”.

Yimutian Trading Down 9.9%

Yimutian stock traded down $0.11 during midday trading on Friday, hitting $0.99. 89,261 shares of the company’s stock were exchanged, compared to its average volume of 2,659,232. The firm’s 50 day simple moving average is $2.75 and its 200 day simple moving average is $17.14. Yimutian has a 12-month low of $0.98 and a 12-month high of $532.80.

Yimutian Company Profile

Yimutian Inc operates an agricultural business-to-business e-commerce platform in China. Its online marketplace is designed to connect agricultural producers, suppliers, distributors and buyers, supporting the sourcing and sale of fresh agricultural products and related goods.

The company’s platform provides product listings, transaction and information services, and tools intended to facilitate agricultural commerce. Its business focuses on helping participants in the agricultural supply chain discover trading opportunities and conduct transactions through digital channels.

Yimutian primarily serves users in China and is associated with the broader modernization of agricultural distribution through internet-based marketplaces.