Short Interest in Jin Medical International Ltd. (NASDAQ:ZJYL) Declines By 58.4%

Jin Medical International Ltd. (NASDAQ:ZJYL) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 61,545 shares, a drop of 58.4% from the August 15th total of 147,882 shares. Based on an average daily trading volume, of 64,222 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.1% of the company’s stock are sold short.

Jin Medical International Trading Down 0.5%

ZJYL stock traded down $0.01 during midday trading on Tuesday, hitting $1.96. The company’s stock had a trading volume of 7,940 shares, compared to its average volume of 376,470. The company’s fifty day moving average price is $2.33 and its 200 day moving average price is $2.33. The company has a quick ratio of 1.70, a current ratio of 1.95 and a debt-to-equity ratio of 0.10. Jin Medical International has a twelve month low of $1.53 and a twelve month high of $13.18.

Jin Medical International (NASDAQ:ZJYL) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $4.46 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Jin Medical International from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, June 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Jin Medical International has an average rating of “Sell”.

About Jin Medical International

Jin Medical International Ltd. engages in the design, development, manufacturing, and sale of wheelchair and other living aids products for people with disabilities or impaired mobility in China and internationally. It also offers oxygen concentrators and bathing machines. The company was founded in 2006 and is based in Changzhou, China. Jin Medical International Ltd. is a subsidiary of Jolly Harmony Enterprises Limited.