J-Star Holding Co., Ltd (NASDAQ:YMAT) Sees Significant Decline in Short Interest

J-Star Holding Co., Ltd (NASDAQ:YMAT) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 72,997 shares, a decrease of 65.1% from the June 30th total of 208,890 shares. Based on an average daily trading volume, of 884,583 shares, the days-to-cover ratio is presently 0.1 days. Currently, 2.3% of the shares of the stock are short sold.

J-Star Trading Up 1.1%

Shares of NASDAQ:YMAT traded up $0.02 during midday trading on Monday, hitting $1.84. 18,403 shares of the stock were exchanged, compared to its average volume of 1,335,388. J-Star has a twelve month low of $1.18 and a twelve month high of $32.25. The company has a 50 day moving average price of $3.32 and a 200-day moving average price of $2.56.

J-Star (NASDAQ:YMAT) last issued its quarterly earnings data on Thursday, April 30th. The company reported ($3.08) EPS for the quarter. The company had revenue of ($0.33) million for the quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on YMAT. Wall Street Zen raised J-Star to a “hold” rating in a research note on Saturday, June 27th. Weiss Ratings downgraded J-Star from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, July 9th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, J-Star currently has an average rating of “Sell”.

Institutional Trading of J-Star

A hedge fund recently bought a new position in J-Star stock. Citadel Advisors LLC acquired a new position in shares of J-Star Holding Co., Ltd (NASDAQ:YMAT) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 68,530 shares of the company’s stock, valued at approximately $82,000. Citadel Advisors LLC owned approximately 0.40% of J-Star at the end of the most recent reporting period.

About J-Star

J-Star Holding Co, Ltd. is a provider of carbon fiber and composite solutions across a wide range of applications including personal sports equipment, healthcare products, automobile parts, resin systems, and research and development services. J-Star Holding Co, Ltd. is based in TAICHUNG CITY, Taiwan.