Short Interest in Jin Medical International Ltd. (NASDAQ:ZJYL) Decreases By 58.6%

Jin Medical International Ltd. (NASDAQ:ZJYL) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 7,826 shares, a decrease of 58.6% from the June 15th total of 18,894 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 22,603 shares, the days-to-cover ratio is currently 0.3 days.

Jin Medical International Price Performance

Shares of ZJYL opened at $1.94 on Thursday. Jin Medical International has a 1-year low of $1.64 and a 1-year high of $17.18. The firm has a fifty day moving average price of $2.29 and a 200 day moving average price of $2.63.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Jin Medical International from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, June 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Jin Medical International has an average rating of “Sell”.

About Jin Medical International

Jin Medical International Ltd. engages in the design, development, manufacturing, and sale of wheelchair and other living aids products for people with disabilities or impaired mobility in China and internationally. It also offers oxygen concentrators and bathing machines. The company was founded in 2006 and is based in Changzhou, China. Jin Medical International Ltd. is a subsidiary of Jolly Harmony Enterprises Limited.