Short Interest in Jayud Global Logistics Limited (NASDAQ:JYD) Grows By 69.6%

Jayud Global Logistics Limited (NASDAQ:JYD) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 49,782 shares, a growth of 69.6% from the July 15th total of 29,350 shares. Based on an average daily volume of 254,528 shares, the days-to-cover ratio is currently 0.2 days. Approximately 1.5% of the shares of the stock are sold short.

Jayud Global Logistics Trading Up 5.0%

Shares of JYD traded up $0.05 during midday trading on Monday, reaching $1.05. The company had a trading volume of 446,418 shares, compared to its average volume of 314,395. Jayud Global Logistics has a 1-year low of $0.47 and a 1-year high of $9.93. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.04. The firm has a 50 day simple moving average of $0.83 and a 200-day simple moving average of $2.19.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Jayud Global Logistics from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Jayud Global Logistics has a consensus rating of “Sell”.

Institutional Investors Weigh In On Jayud Global Logistics

An institutional investor recently bought a new position in Jayud Global Logistics stock. Citadel Advisors LLC bought a new position in shares of Jayud Global Logistics Limited (NASDAQ:JYD) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 196,915 shares of the company’s stock, valued at approximately $27,000. Citadel Advisors LLC owned 7.21% of Jayud Global Logistics at the end of the most recent reporting period. Hedge funds and other institutional investors own 67.92% of the company’s stock.

Jayud Global Logistics Company Profile

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.