fish shops can get it very wrong when labelling fish sometimes, so its their mistake too. i think it looks like a histie. it definately doesnt look right for a yoyo. they are all cute fish
the reason why i am concerned about your water is that ammonia, nitrite and nitrate are poisonous to fish, with ammonia being more toxic than nitrate. the ammonia is in the water from the fishes excretion. (ragardless of the toxins issue, imagine living in a prison cell without even a bucket for a toilet. this is effectively what we do to our fish by making them live in bad water).
bacteria in the filter and elsewhere in the tank convert the ammonia into nitrite, which is less toxic than ammonia, but can still cause problems. the nitrite is then turned into nitrate by a different bacteria. nitrate isnt so bad in small quantities, but bacteria cant be turned into a harmless substance, so we need to do water changes to keep it down to safe levels.
when a tank is new, there will not be much bacteria about, and so there will be a risk of ammonia not being turned into nitrate very quickly. as the amount of food for the bacteria increases, the bacteria colony can get bigger and start converting the ammonia quickly. whan a tank is mature, there will be so many bacteria that ammonia will be converted as soon as it is produced by the fish (either that or used as food by plants)
once there is plenty of nitrite in the tank, the nitrite eating bacteria colonies start to grow and can convert the nitrite to nitrate quickly. agan, when the tank is mature, you shouldnt see any nitrite, as it will be turned into nitrate as quick as it is produced.
when a tank is mature ans stable, your readings should be ammonia 0, nitrite 0 and nitrate as low as you can keep it
my concern with your tank is that you have put a lot of fish in at once. they will produce waste, and it takes time for the bacteria colonies to grow bigger to consume of of their extra food. as you have ammonia and nitrite present, it means that the bacteria are not coping with the extra food, to them, or excretion, to the fish. untill the bacteria have grown their colonies, your ammonia is likely to get higher, as will your nitrites and then nitrates. this will put your fish at risk.
a big problem with poor water quality is that the fish cannot get as much oxygen as they need. their blood cannot carry as much oxygen, and their gills cannot absorb as much from the water. this can make the fish stressed and uncomfortable. also, the gills can get burned, which cannot be nice for the fish. when a fish is stressed, it can be easier for it to pick up disease. you do not want your fish to get ick/whitespot.
to me, your nitrate isnt so much as a problem as the ammonia.
when you do your partial water changes, try and keep as much of the gunk in the filters as you can, but still allowing enough water to flow through the sponges.
i just want to check that you know never to wash the sponges with tap water, and you dechlorinator that deals with chloramine too. i ask because i know people who have kept fish for a long time, and still havent learned that by not doing this, their fish dont survive long.