Short Interest in J-Long Group Limited (NASDAQ:JL) Declines By 43.3%

J-Long Group Limited (NASDAQ:JLGet Free Report) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 11,929 shares, a decrease of 43.3% from the August 15th total of 21,037 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 14,388 shares, the days-to-cover ratio is currently 0.8 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded J-Long Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, September 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Read Our Latest Report on JL

J-Long Group Trading Down 0.7%

Shares of NASDAQ JL opened at $4.71 on Tuesday. The firm’s 50-day moving average is $5.29 and its two-hundred day moving average is $5.77. The company has a quick ratio of 2.31, a current ratio of 2.84 and a debt-to-equity ratio of 0.14. J-Long Group has a 12-month low of $1.50 and a 12-month high of $8.22.

J-Long Group (NASDAQ:JLGet Free Report) last released its quarterly earnings results 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.

Institutional Investors Weigh In On J-Long Group

A hedge fund recently bought a new stake in J-Long Group stock. Renaissance Technologies LLC bought a new stake in shares of J-Long Group Limited (NASDAQ:JLFree Report) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 10,425 shares of the company’s stock, valued at approximately $72,000. Renaissance Technologies LLC owned 0.28% of J-Long Group as of its most recent filing with the SEC.

About J-Long Group

(Get Free Report)

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.

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