JIADE Limited (NASDAQ:JDZG) Sees Significant Growth in Short Interest

JIADE Limited (NASDAQ:JDZG) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 688,109 shares, a growth of 570.5% from the September 30th total of 102,627 shares. Approximately 12.7% of the shares of the company are sold short. Based on an average daily volume of 1,124,586 shares, the short-interest ratio is currently 0.6 days.

Wall Street Analyst Weigh In

Several analysts recently issued reports on JDZG shares. Wall Street Zen upgraded shares of JIADE from a “sell” rating to a “hold” rating in a research report on Sunday, October 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of JIADE in a research report on Monday, August 31st. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

JIADE Price Performance

NASDAQ:JDZG traded down $0.09 during trading hours on Tuesday, hitting $6.11. 250,893 shares of the stock traded hands, compared to its average volume of 334,902. JIADE has a 1 year low of $2.63 and a 1 year high of $1,014.97. The stock has a 50 day moving average price of $4.60 and a 200 day moving average price of $69.83.

About JIADE

JIADE Limited (NASDAQ: JDZG) is an education services company focused on adult education in China. Through its operating subsidiaries, the company provides education and academic support services for adults pursuing higher education and professional development.

Its activities include tutoring, course instruction, and related student services designed to help learners prepare for examinations and complete adult education programs. The company’s services are delivered primarily through education programs and supporting online platforms.

JIADE Limited serves students in the People’s Republic of China.