Youxin Technology Ltd (NASDAQ:YAAS) Sees Significant Increase in Short Interest

Youxin Technology Ltd (NASDAQ:YAAS) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 152,130 shares, an increase of 176.3% from the June 30th total of 55,064 shares. Based on an average daily trading volume, of 427,838 shares, the days-to-cover ratio is currently 0.4 days. Currently, 6.5% of the shares of the stock are sold short.

Youxin Technology Stock Down 12.9%

Shares of NASDAQ YAAS opened at $0.63 on Wednesday. Youxin Technology has a fifty-two week low of $0.62 and a fifty-two week high of $179.60. The company has a 50 day simple moving average of $0.84 and a two-hundred day simple moving average of $1.06.

Youxin Technology shares are set to reverse split before the market opens on Thursday, July 30th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, July 29th.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Youxin Technology

An institutional investor recently bought a new stake in Youxin Technology stock. XTX Topco Ltd purchased a new stake in shares of Youxin Technology Ltd (NASDAQ:YAAS) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 19,151 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned 0.82% of Youxin Technology as of its most recent SEC filing.

Youxin Technology Company Profile

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.