Jayud Global Logistics Limited (NASDAQ:JYD) Short Interest Down 66.0% in June

Jayud Global Logistics Limited (NASDAQ:JYD) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 44,114 shares, a drop of 66.0% from the May 31st total of 129,880 shares. Based on an average daily volume of 413,210 shares, the short-interest ratio is presently 0.1 days. Approximately 1.3% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Jayud Global Logistics from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Jayud Global Logistics Price Performance

NASDAQ JYD traded up $0.04 during trading hours on Friday, reaching $0.95. 72,874 shares of the company’s stock traded hands, compared to its average volume of 399,792. Jayud Global Logistics has a 52-week low of $0.47 and a 52-week high of $12.64. The firm has a 50-day simple moving average of $2.40 and a 200 day simple moving average of $3.00. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.04.

Jayud Global Logistics (NASDAQ:JYD) last announced its quarterly earnings data on Monday, April 20th. The company reported ($1.12) earnings per share for the quarter. The business had revenue of $23.35 million for the quarter.

Institutional Investors Weigh In On Jayud Global Logistics

An institutional investor recently bought a new stake in Jayud Global Logistics stock. Renaissance Technologies LLC purchased a new stake in shares of Jayud Global Logistics Limited (NASDAQ:JYD) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,400 shares of the company’s stock, valued at approximately $40,000. Renaissance Technologies LLC owned approximately 0.41% of Jayud Global Logistics at the end of the most recent reporting period. Institutional investors and hedge funds own 67.92% of the company’s stock.

About Jayud Global Logistics

Jayud Global Logistics Co, Ltd. is a China-based integrated supply chain service provider that offers a broad range of logistics solutions to multinational and domestic customers. The company’s core business encompasses international freight forwarding by sea, air, rail and road, as well as customs brokerage, warehousing, distribution and value-added services. Jayud Global Logistics leverages its vertically integrated network to deliver end-to-end visibility and control across the shipping process, aiming to streamline operations and reduce transit times for shippers in diverse industries.

In the area of freight forwarding, Jayud Global Logistics manages shipments of general and specialized cargo, including temperature-sensitive products, hazardous materials and oversized equipment.