Youxin Technology Ltd (NASDAQ:YAAS) Short Interest Up 176.3% in July

Youxin Technology Ltd (NASDAQ:YAAS) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 152,130 shares, an increase of 176.3% from the June 30th total of 55,064 shares. Based on an average daily volume of 427,838 shares, the short-interest ratio is currently 0.4 days. Currently, 6.5% of the shares of the stock are sold short.

Hedge Funds Weigh In On Youxin Technology

A hedge fund recently bought a new position in Youxin Technology stock. XTX Topco Ltd purchased a new position in shares of Youxin Technology Ltd (NASDAQ:YAAS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 19,151 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned about 0.82% of Youxin Technology at the end of the most recent reporting period.

Youxin Technology Price Performance

NASDAQ YAAS opened at $0.72 on Tuesday. The stock’s fifty day moving average is $0.84 and its two-hundred day moving average is $1.06. Youxin Technology has a fifty-two week low of $0.65 and a fifty-two week high of $36.80.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Youxin Technology in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Youxin Technology Company Profile

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.