YSX Tech Co., Ltd (NASDAQ:YSXT) Sees Large Growth in Short Interest

YSX Tech Co., Ltd (NASDAQ:YSXT) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 11,333 shares, an increase of 83.8% from the April 30th total of 6,165 shares. Based on an average daily volume of 40,667 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of YSX Tech

Several hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in YSX Tech in the fourth quarter valued at approximately $279,000. HRT Financial LP raised its holdings in YSX Tech by 73.8% in the fourth quarter. HRT Financial LP now owns 71,555 shares of the company’s stock valued at $89,000 after acquiring an additional 30,381 shares in the last quarter. Finally, Geode Capital Management LLC acquired a new stake in YSX Tech in the second quarter valued at approximately $89,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of YSX Tech in a research note on Thursday, April 2nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

YSX Tech Stock Up 0.4%

Shares of NASDAQ:YSXT opened at $1.02 on Thursday. The firm’s 50 day moving average price is $1.13 and its 200 day moving average price is $1.35. YSX Tech has a fifty-two week low of $0.93 and a fifty-two week high of $9.44.

About YSX Tech

YSX Tech. Co Ltd. engages in providing comprehensive business solutions to enterprise customers, mainly insurance companies and brokerages in China. Its service includes electronic engineering, PCB fabrication, SMT and PCB assembly, components sourcing, prototyping, box build, turn-key solution and other value-added services for a broad range of companies with regard to telecommunication, consumptive electronics, industrial test and control, medical equipment, power supply, security, vehicle and more.