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

Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) was the target of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 171,475 shares, an increase 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. Approximately 35.7% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Several brokerages have commented on YMT. Weiss Ratings reissued a “sell (e+)” rating on shares of Yimutian in a research note on Tuesday, October 27th. Wall Street Zen raised shares of Yimutian to a “hold” rating in a report on Saturday, October 17th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Yimutian presently has an average rating of “Sell”.

Yimutian Stock Performance

Shares of YMT stock opened at $0.26 on Wednesday. Yimutian has a twelve month low of $0.24 and a twelve month high of $532.80. The stock’s fifty day simple moving average is $1.22 and its 200 day simple moving average is $59.63.

Yimutian shares are scheduled to reverse split on the morning of Monday, November 16th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes 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.