Jayud Global Logistics Limited (NASDAQ:JYD) Sees Large Decline in Short Interest

Jayud Global Logistics Limited (NASDAQ:JYD) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 21,076 shares, a decline of 35.5% from the August 31st total of 32,684 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average trading volume of 202,532 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Jayud Global Logistics in a research report on Friday, August 14th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Jayud Global Logistics stock. Renaissance Technologies LLC bought a new position in Jayud Global Logistics Limited (NASDAQ:JYD) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 13,400 shares of the company’s stock, valued at approximately $40,000. Renaissance Technologies LLC owned approximately 0.41% of Jayud Global Logistics at the end of the most recent quarter. 67.92% of the stock is owned by hedge funds and other institutional investors.

Jayud Global Logistics Trading Down 13.2%

Shares of NASDAQ JYD opened at $0.79 on Thursday. The company has a 50 day simple moving average of $0.91 and a two-hundred day simple moving average of $1.76. Jayud Global Logistics has a fifty-two week low of $0.47 and a fifty-two week high of $8.00. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.04.

About Jayud Global Logistics

Jayud Global Logistics Limited is a China-based integrated logistics and supply chain services provider. The company offers cross-border logistics solutions designed to support the movement of goods between China and international markets.

Its services include freight forwarding by air, sea and land; customs clearance and brokerage; warehousing; trucking and other transportation services; and supply chain management. Jayud also provides logistics support for specialized shipments and project-based cargo, helping customers coordinate multiple stages of the import and export process.

The company is headquartered in Shenzhen, Guangdong Province, a major Chinese manufacturing and international trade center.