YSX Tech Co., Ltd (NASDAQ:YSXT) Sees Large Growth in Short Interest

YSX Tech Co., Ltd (NASDAQ:YSXT) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 186,927 shares, an increase of 2,854.0% from the June 30th total of 6,328 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average trading volume of 992,385 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. HRT Financial LP increased its position in shares of YSX Tech by 73.8% during the fourth quarter. HRT Financial LP now owns 71,555 shares of the company’s stock worth $89,000 after acquiring an additional 30,381 shares in the last quarter. Geode Capital Management LLC bought a new position in YSX Tech in the 2nd quarter valued at about $89,000. Finally, Jane Street Group LLC bought a new position in YSX Tech in the 4th quarter valued at about $279,000.

YSX Tech Price Performance

Shares of YSXT traded down $0.01 during trading hours on Friday, reaching $0.86. The stock had a trading volume of 14,935 shares, compared to its average volume of 312,478. The firm has a 50-day simple moving average of $1.05 and a 200 day simple moving average of $1.17. YSX Tech has a 12 month low of $0.50 and a 12 month high of $5.01. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.79 and a quick ratio of 2.79.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of YSX Tech in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

About YSX Tech

YSX Tech. Co Ltd. engages in providing comprehensive business solutions to enterprise customers, mainly insurance companies and brokerages in China. Its service includes electronic engineering, PCB fabrication, SMT and PCB assembly, components sourcing, prototyping, box build, turn-key solution and other value-added services for a broad range of companies with regard to telecommunication, consumptive electronics, industrial test and control, medical equipment, power supply, security, vehicle and more.