J-Long Group Limited (NASDAQ:JL) Sees Large Decrease in Short Interest

J-Long Group Limited (NASDAQ:JL) was the target of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 4,343 shares, a drop of 63.0% from the February 12th total of 11,735 shares. Based on an average trading volume of 16,681 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 16,681 shares, the short-interest ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e)” rating on shares of J-Long Group in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, J-Long Group presently has an average rating of “Sell”.

J-Long Group Stock Up 4.3%

J-Long Group stock traded up $0.20 during mid-day trading on Thursday, hitting $4.90. 24,994 shares of the company’s stock were exchanged, compared to its average volume of 67,194. The company’s 50 day simple moving average is $4.57 and its 200-day simple moving average is $5.28. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.36 and a current ratio of 2.79. J-Long Group has a fifty-two week low of $1.50 and a fifty-two week high of $8.22.

J-Long Group (NASDAQ:JL) last announced its earnings results on Tuesday, December 23rd. The company reported $0.31 EPS for the quarter. The company had revenue of $11.35 million for the quarter.

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.