J-Long Group Limited (NASDAQ:JL) Sees Significant Growth in Short Interest

J-Long Group Limited (NASDAQ:JLGet Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 21,037 shares, an increase of 107.8% from the July 30th total of 10,126 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 16,450 shares, the short-interest ratio is presently 1.3 days.

J-Long Group Trading Down 3.7%

Shares of NASDAQ:JL opened at $4.71 on Friday. The business’s 50 day moving average price is $5.49 and its 200-day moving average price is $5.71. J-Long Group has a 1 year low of $1.50 and a 1 year high of $8.22. The company has a current ratio of 2.84, a quick ratio of 2.31 and a debt-to-equity ratio of 0.14.

J-Long Group (NASDAQ:JLGet Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.07 earnings per share for the quarter. The company had revenue of $9.76 million for the quarter.

Hedge Funds Weigh In On J-Long Group

An institutional investor recently bought a new stake in J-Long Group stock. Renaissance Technologies LLC purchased a new position in J-Long Group Limited (NASDAQ:JLFree Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 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.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of J-Long Group in a report on Friday, July 31st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

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J-Long Group Company Profile

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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.

Further Reading

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