Jayud Global Logistics Limited (NASDAQ:JYD) Sees Significant Increase in Short Interest

Jayud Global Logistics Limited (NASDAQ:JYD) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 129,880 shares, a growth of 801.9% from the May 14th total of 14,401 shares. Based on an average daily volume of 3,145,615 shares, the days-to-cover ratio is currently 0.0 days. Currently, 4.0% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Jayud Global Logistics from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, May 19th. One research 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 Stock Performance

JYD opened at $0.73 on Friday. The stock has a fifty day simple moving average of $2.86 and a two-hundred day simple moving average of $3.25. 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 has a 12-month low of $0.47 and a 12-month high of $12.65.

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

Institutional Investors Weigh In On Jayud Global Logistics

A hedge fund recently bought a new stake in Jayud Global Logistics stock. Citadel Advisors LLC bought a new stake in Jayud Global Logistics Limited (NASDAQ:JYD) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 196,915 shares of the company’s stock, valued at approximately $27,000. Citadel Advisors LLC owned 7.21% of Jayud Global Logistics as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors 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.