J-Long Group Limited (NASDAQ:JL) Short Interest Up 89.8% in May

by · The Markets Daily

J-Long Group Limited (NASDAQ:JL – Get Free Report) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 10,182 shares, an increase of 89.8% from the April 30th total of 5,366 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 16,660 shares, the short-interest ratio is currently 0.6 days.

J-Long Group Stock Down 4.2%

Shares of JL stock opened at $6.21 on Tuesday. The company has a quick ratio of 2.36, a current ratio of 2.79 and a debt-to-equity ratio of 0.02. The firm’s 50-day moving average is $6.50 and its two-hundred day moving average is $5.53. J-Long Group has a 12 month low of $1.50 and a 12 month high of $8.22.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of J-Long Group from a “sell (e)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, J-Long Group has an average rating of “Sell”.

Check Out Our Latest Stock Report on J-Long Group

Hedge Funds Weigh In On J-Long Group

A hedge fund recently bought a new stake in J-Long Group stock. Renaissance Technologies LLC bought a new position in shares of J-Long Group Limited (NASDAQ:JL – Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,425 shares of the company’s stock, valued at approximately $72,000. Renaissance Technologies LLC owned 0.28% of J-Long Group at the end of the most recent reporting period.

About J-Long Group

(Get Free Report)

J-Long Group Limited distributes reflective and non-reflective garment trims in Asia, Hong Kong, the People's Republic of China, and internationally. The company offers heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pullers, and drawcords. It also sells through online. The company was founded in 1985 and is based in Tsuen Wan, Hong Kong.

Featured Stories