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

Key Points

• Youxin Technology Ltd (NASDAQ:YAAS) experienced a dramatic increase in short interest of 2,017.9% in September, with total short interest reaching 3,450,000 shares.
• Analysts have upgraded Youxin Technology's stock to a "hold" rating, indicating a shift in sentiment towards the company's performance.
• The stock traded down 17.6% recently, reaching a price of $2.97, significantly lower than its 52-week high of $560.00.

Youxin Technology Ltd (NASDAQ:YAAS - Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 3,450,000 shares, a growth of 2,017.9% from the August 31st total of 162,900 shares. Based on an average daily volume of 35,740,000 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 35,740,000 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Youxin Technology to a "hold" rating in a research report on Saturday, July 26th.

Youxin Technology Trading Down 17.6%

Shares of NASDAQ:YAAS traded down $0.64 during trading hours on Tuesday, hitting $2.97. The company's stock had a trading volume of 507,376 shares, compared to its average volume of 183,492. Youxin Technology has a 52 week low of $2.82 and a 52 week high of $560.00. The firm's fifty day moving average price is $0.27 and its 200 day moving average price is $1.42.

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.

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