J-Long Group Limited (NASDAQ:JL) Short Interest Update

J-Long Group Limited (NASDAQ:JL – Get Free Report) was the target of a significant decrease in short interest in the month of 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. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 14,388 shares, the days-to-cover ratio is presently 0.8 days.

Wall Street Analysts Forecast Growth

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

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Institutional Inflows and Outflows

An institutional investor recently bought a new stake in J-Long Group stock. Renaissance Technologies LLC purchased a new stake in J-Long Group Limited (NASDAQ:JL – Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 10,425 shares of the company’s stock, valued at approximately $72,000. Renaissance Technologies LLC owned about 0.28% of J-Long Group at the end of the most recent quarter.

J-Long Group Stock Up 7.7%

JL traded up $0.33 during trading on Thursday, reaching $4.59. The stock had a trading volume of 7,353 shares, compared to its average volume of 40,231. The stock has a 50 day moving average of $5.24 and a two-hundred day moving average of $5.77. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.31 and a current ratio of 2.84. J-Long Group has a 1-year low of $1.50 and a 1-year high of $8.22.

J-Long Group (NASDAQ:JL – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $9.76 million for the quarter.

J-Long Group Company Profile

(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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