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

Youxin Technology Ltd (NASDAQ:YAAS) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 12,393 shares, a drop of 80.9% from the August 31st total of 64,938 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average daily volume of 38,761 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Youxin Technology in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Youxin Technology Stock Performance

Shares of YAAS traded down $0.13 on Friday, reaching $1.24. 35,871 shares of the company’s stock traded hands, compared to its average volume of 52,010. The stock’s 50 day simple moving average is $2.33 and its two-hundred day simple moving average is $3.85. Youxin Technology has a 52-week low of $0.56 and a 52-week high of $8.77.

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

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.