J-Star Holding Co., Ltd (NASDAQ:YMAT – Get Free Report) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 345,425 shares, a drop of 51.5% from the May 31st total of 711,723 shares. Currently, 2.5% of the shares of the company are sold short. Based on an average daily volume of 5,035,868 shares, the days-to-cover ratio is presently 0.1 days.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised J-Star to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, J-Star has an average rating of “Sell”.
Read Our Latest Research Report on J-Star
J-Star Stock Performance
J-Star (NASDAQ:YMAT – Get Free Report) last released its earnings results on Thursday, April 30th. The company reported ($0.62) earnings per share for the quarter. The company had revenue of ($0.33) million for the quarter.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in J-Star stock. Citadel Advisors LLC bought a new position in J-Star Holding Co., Ltd (NASDAQ:YMAT – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 68,530 shares of the company’s stock, valued at approximately $82,000. Citadel Advisors LLC owned 0.40% of J-Star at the end of the most recent reporting period.
About J-Star
J-Star Holding Co, Ltd. is a provider of carbon fiber and composite solutions across a wide range of applications including personal sports equipment, healthcare products, automobile parts, resin systems, and research and development services. J-Star Holding Co, Ltd. is based in TAICHUNG CITY, Taiwan.
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