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

Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) saw a large growth in short interest in the month of 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. Based on an average daily trading volume, of 4,419,453 shares, the short-interest ratio is presently 0.0 days. Approximately 36.8% of the company’s shares are short sold.

Yimutian Trading Down 9.9%

YMT opened at $0.99 on Friday. Yimutian has a 52-week low of $0.98 and a 52-week high of $532.80. The company has a 50 day moving average of $2.75 and a two-hundred day moving average of $17.14.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated 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 MarketBeat, Yimutian currently has a consensus rating of “Sell”.

About Yimutian

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.