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

Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) was the target of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 171,475 shares, a growth of 1,544.1% from the October 15th total of 10,430 shares. Approximately 35.7% of the company’s shares are short sold. Based on an average daily volume of 1,650,527 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

YMT has been the subject of several recent analyst reports. Wall Street Zen raised shares of Yimutian to a “hold” rating in a research note on Saturday, October 17th. Weiss Ratings reissued a “sell (e+)” rating on shares of Yimutian in a research note on Tuesday, October 27th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Yimutian currently has a consensus rating of “Sell”.

Yimutian Stock Performance

YMT traded up $0.00 on Tuesday, hitting $0.26. 101,057 shares of the company were exchanged, compared to its average volume of 991,374. Yimutian has a 12 month low of $0.24 and a 12 month high of $532.80. The stock’s fifty day moving average is $1.22 and its 200-day moving average is $59.63.

Shares of Yimutian are going 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.