J-Long Group Limited (NASDAQ:JL – Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 21,037 shares, an increase of 107.8% from the July 30th total of 10,126 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average trading volume of 16,450 shares, the short-interest ratio is currently 1.3 days.
Institutional Trading of J-Long Group
A hedge fund recently bought a new stake in J-Long Group stock. Renaissance Technologies LLC acquired a new stake in shares of J-Long Group Limited (NASDAQ:JL – Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,425 shares of the company’s stock, valued at approximately $72,000. Renaissance Technologies LLC owned about 0.28% of J-Long Group as of its most recent filing with the Securities & Exchange Commission.
J-Long Group Trading Down 3.7%
Shares of JL stock traded down $0.18 during trading hours on Friday, reaching $4.71. 21,876 shares of the company’s stock were exchanged, compared to its average volume of 13,591. J-Long Group has a fifty-two week low of $1.50 and a fifty-two week high of $8.22. The business has a fifty day moving average price of $5.49 and a 200-day moving average price of $5.72. The company has a quick ratio of 2.31, a current ratio of 2.84 and a debt-to-equity ratio of 0.14.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of J-Long Group in a research report on Friday, July 31st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.
About J-Long Group
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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