Youxin Technology Ltd (NASDAQ:YAAS) Sees Large Increase in Short Interest

Youxin Technology Ltd (NASDAQ:YAAS) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 29,679 shares, an increase of 936.3% from the November 30th total of 2,864 shares. Based on an average daily volume of 239,180 shares, the days-to-cover ratio is currently 0.1 days. Approximately 1.3% of the shares of the company are short sold. Approximately 1.3% of the shares of the company are short sold. Based on an average daily volume of 239,180 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

YAAS has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Youxin Technology in a research note on Wednesday, October 8th. Wall Street Zen raised Youxin Technology from a “sell” rating to a “hold” rating in a report on Sunday, November 23rd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Youxin Technology Stock Down 1.8%

YAAS traded down $0.03 on Wednesday, reaching $1.62. The stock had a trading volume of 30,689 shares, compared to its average volume of 196,210. The business’s 50-day moving average price is $1.82 and its two-hundred day moving average price is $42.87. Youxin Technology has a 12-month low of $1.30 and a 12-month high of $560.00.

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.