Why Yangtze River Port and Logistics Limited (YRIV)’s Stock Is Melting Up 2.87% Today

Today’s big question for investors is, “what’s going on with Yangtze River Port and Logistics Limited (NASDAQ:YRIV) stock? Its price is jumping 0.03 points, trading at $0.86 levels, and is up 2.87% from its previous close of $0.83. The shares seem to have an active trading volume day with a reported 982715 contracts so far this session. YRIV shares had a relatively better volume day versus average trading capacity of 9.07 million shares, but with a 1.46 million float and a -3.63% run over a week, it’s definitely worth keeping an eye on. YRIV share price has been trading recently between $0.83 and $0.891.

The shorts are running away from Yangtze River Port and Logistics Limited (YRIV) stock. The latest set of short interest data was released on 30 April 2019, and the numbers show a drop in short interest in YRIV shares. While short interest still represents only 0% of YRIV’s float, the number of shares shorted have fallen by -656299. The number of shares shorted fell to 1621255 shares, down from 2277554 shares during the preceding fortnight. With average daily trading volumes at 6093760 shares, days to cover decreased to about 1 days. The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “A Chinese Firm’s Plunge Cost Interactive Brokers Millions” and dated April 29, 2019.

During the recent trading session for Yangtze River Port and Logistics Limited (NASDAQ:YRIV), the company witnessed their stock rise $0.01 over a week and tumble down $-0.27 from the price 20 days ago. When compared to their established 52-week high of $13.55, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 07/18/18. The recent low of $0.3 stood for a -93.68% since 02/19/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 3.21 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.

Looking at the current readings for Yangtze River Port and Logistics Limited, the two-week RSI stands at 47.98. This figure suggests that YRIV stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current YRIV readings is similarly very revealing as it has a stochastic reading of 58.68% at this stage. This figure means that YRIV share price today is being neutral.

Technical chart claims that Yangtze River Port and Logistics Limited (YRIV) would settle between $0.87/share to $0.91/share level. However, if the stock price goes below the $0.81 mark, then the market for Yangtze River Port and Logistics Limited becomes much weaker. If that happens, the stock price might even plunge as low as $0.79 for its downside target.