Jayud Global Logistics Limited (NASDAQ:JYD) Sees Significant Decrease in Short Interest

Jayud Global Logistics Limited (NASDAQ:JYD) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 32,684 shares, a decrease of 49.3% from the August 15th total of 64,413 shares. Currently, 1.0% of the company’s shares are short sold. Based on an average daily volume of 89,754 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Jayud Global Logistics

A hedge fund recently bought a new stake in Jayud Global Logistics stock. Renaissance Technologies LLC bought a new stake in shares of Jayud Global Logistics Limited (NASDAQ:JYD) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 13,400 shares of the company’s stock, valued at approximately $40,000. Renaissance Technologies LLC owned 0.41% of Jayud Global Logistics as of its most recent SEC filing. Institutional investors own 67.92% of the company’s stock.

Analysts Set New Price Targets

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

Jayud Global Logistics Stock Down 4.3%

Shares of Jayud Global Logistics stock traded down $0.03 on Tuesday, hitting $0.73. 1,909,725 shares of the company’s stock traded hands, compared to its average volume of 35,356. The company has a fifty day moving average of $0.87 and a two-hundred day moving average of $1.90. Jayud Global Logistics has a one year low of $0.47 and a one 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.

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.