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

Youxin Technology Ltd (NASDAQ:YAAS) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 64,938 shares, an increase of 359.3% from the August 15th total of 14,139 shares. Based on an average daily trading volume, of 2,607,450 shares, the short-interest ratio is currently 0.0 days. Currently, 7.1% of the shares of the stock are short sold.

Youxin Technology Price Performance

YAAS stock opened at $1.39 on Friday. Youxin Technology has a 12 month low of $0.56 and a 12 month high of $11.84. The company’s 50-day moving average price is $2.86 and its two-hundred day moving average price is $4.17.

Youxin Technology (NASDAQ:YAAS) last issued its quarterly earnings results on Thursday, August 27th. The company reported ($0.10) earnings per share for the quarter. The firm had revenue of $0.94 million for the quarter.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Youxin Technology

An institutional investor recently bought a new stake 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 Form 13F filing with the SEC. The fund purchased 19,151 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned approximately 0.82% of Youxin Technology as of its most recent filing with the SEC.

About Youxin Technology

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.