Short Interest in Youxin Technology Ltd (NASDAQ:YAAS) Grows By 633.6%

Youxin Technology Ltd (NASDAQ:YAAS) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 344,800 shares, an increase of 633.6% from the April 15th total of 47,003 shares. Currently, 14.8% of the shares of the stock are short sold. Based on an average daily volume of 16,669,172 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Youxin Technology in a research report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Youxin Technology currently has a consensus rating of “Sell”.

Youxin Technology Price Performance

YAAS stock opened at $0.84 on Tuesday. Youxin Technology has a one year low of $0.75 and a one year high of $560.00. The company’s fifty day moving average price is $1.03 and its 200-day moving average price is $1.41.

Hedge Funds Weigh In On Youxin Technology

A hedge fund recently bought a new stake in Youxin Technology stock. XTX Topco Ltd bought a new position in Youxin Technology Ltd (NASDAQ:YAAS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 19,151 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned approximately 0.82% of Youxin Technology as of its most recent filing with the Securities & Exchange Commission.

About Youxin Technology

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.