Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) Stock Short Interest Climbs 1,544.1%

Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) saw a large growth in short interest in October. As of October 30th, there was short interest totaling 171,475 shares, a growth of 1,544.1% from the October 15th total of 10,430 shares. Based on an average daily trading volume, of 1,650,527 shares, the days-to-cover ratio is currently 0.1 days. Currently, 35.7% of the shares of the stock are short sold.

Analyst Ratings Changes

Several research analysts have recently issued reports on YMT shares. Wall Street Zen upgraded shares of Yimutian to a “hold” rating in a report on Saturday, October 17th. Weiss Ratings reissued a “sell (e+)” rating on shares of Yimutian in a report on Tuesday, October 27th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Yimutian Stock Up 0.1%

NASDAQ:YMT traded up $0.00 during mid-day trading on Tuesday, reaching $0.26. 101,057 shares of the company were exchanged, compared to its average volume of 991,374. Yimutian has a 12 month low of $0.24 and a 12 month high of $532.80. The company has a fifty day moving average of $1.22 and a 200 day moving average of $59.63.

Yimutian’s stock is set to reverse split before the market opens on Monday, November 16th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, November 15th.

Yimutian Company Profile

Yimutian Inc. operates a digital platform focused on China’s agricultural sector. The company connects farmers, agricultural businesses and other market participants through online information, product listing and transaction services. Its platform is designed to support the circulation and trading of agricultural products, equipment, supplies and related services. By bringing buyers and sellers together online, Yimutian seeks to improve access to agricultural information and make transactions more efficient across the farming and agricultural supply chain.