Short Interest in J-Long Group Limited (NASDAQ:JL) Rises By 97.1%

J-Long Group Limited (NASDAQ:JL) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 13,970 shares, an increase of 97.1% from the May 31st total of 7,086 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 70,091 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

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

J-Long Group Stock Down 0.9%

JL traded down $0.05 on Wednesday, hitting $5.82. 10,413 shares of the company traded hands, compared to its average volume of 50,131. J-Long Group has a 12-month low of $1.50 and a 12-month high of $8.22. The company has a 50 day moving average of $6.32 and a 200-day moving average of $5.65. The company has a quick ratio of 2.36, a current ratio of 2.79 and a debt-to-equity ratio of 0.02.

Institutional Investors Weigh In On J-Long Group

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

J-Long Group Company Profile

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.