Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) Short Interest Update
by Sarita Garza · The Markets DailyYimutian Inc. – Sponsored ADR (NASDAQ:YMT – Get Free Report) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 16,777 shares, a drop of 41.8% from the August 31st total of 28,829 shares. Approximately 3.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 95,325 shares, the days-to-cover ratio is presently 0.2 days.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Yimutian in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Yimutian currently has an average rating of “Sell”.
Read Our Latest Analysis on YMT
Yimutian Stock Performance
Yimutian stock opened at $1.12 on Friday. The company’s 50-day moving average price is $3.23 and its 200-day moving average price is $20.53. Yimutian has a twelve month low of $1.08 and a twelve month high of $532.80.
Yimutian Company Profile
Yimutian Inc operates an agricultural products and services platform in China. Its business is centered on connecting participants across the agricultural supply chain, including farmers, suppliers, distributors and buyers.
The company’s platform supports the buying and selling of agricultural products and agricultural inputs. It also provides information and transaction-related services intended to help users source products, reach customers and manage agricultural commerce more efficiently.
Yimutian primarily serves the Chinese agricultural market through its online platform and related services.