Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) Sees Large Growth in Short Interest

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Yimutian in a report on Wednesday, July 29th. One research 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 Yimutian stock traded down $0.11 during mid-day trading on Friday, hitting $0.99. The stock had a trading volume of 89,261 shares, compared to its average volume of 2,659,232. The firm has a 50-day moving average of $2.75 and a two-hundred day moving average of $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.