Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) Stock Short Interest Report for October

Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 10,430 shares, a decrease of 94.1% from the September 30th total of 176,487 shares. Based on an average daily trading volume, of 370,848 shares, the days-to-cover ratio is currently 0.0 days. Currently, 2.2% of the company’s stock are short sold.

Yimutian Stock Down 10.6%

NASDAQ:YMT opened at $0.49 on Tuesday. The company has a 50 day simple moving average of $1.90 and a two-hundred day simple moving average of $86.96. Yimutian has a 12 month low of $0.47 and a 12 month high of $532.80.

Wall Street Analysts Forecast Growth

YMT has been the subject of a number of recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Yimutian in a report on Wednesday, July 29th. Wall Street Zen upgraded Yimutian to a “hold” rating in a research note on Saturday, October 17th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has an average rating of “Sell”.

About Yimutian

Yimutian Inc operates an agricultural business-to-business e-commerce platform in China. Its online marketplace is designed to connect agricultural producers, suppliers, distributors and buyers, supporting the sourcing and sale of fresh agricultural products and related goods.

The company’s platform provides product listings, transaction and information services, and tools intended to facilitate agricultural commerce. Its business focuses on helping participants in the agricultural supply chain discover trading opportunities and conduct transactions through digital channels.

Yimutian primarily serves users in China and is associated with the broader modernization of agricultural distribution through internet-based marketplaces.