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

J-Long Group Limited (NASDAQ:JLGet Free Report) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 13,970 shares, an increase of 97.1% from the May 31st total of 7,086 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 70,091 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On J-Long Group

A hedge fund recently bought a new stake in J-Long Group stock. Renaissance Technologies LLC bought a new stake in J-Long Group Limited (NASDAQ:JLFree Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 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 and Exchange Commission.

J-Long Group Trading Down 0.9%

Shares of NASDAQ JL traded down $0.05 during mid-day trading on Wednesday, reaching $5.82. The company had a trading volume of 10,413 shares, compared to its average volume of 50,131. The firm has a 50 day simple moving average of $6.32 and a two-hundred day simple moving average of $5.65. J-Long Group has a 52-week low of $1.50 and a 52-week high of $8.22. The company has a current ratio of 2.79, a quick ratio of 2.36 and a debt-to-equity ratio of 0.02.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised J-Long Group from a “sell (e)” rating to a “sell (d-)” rating in a report on Monday, May 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, J-Long Group has an average rating of “Sell”.

Get Our Latest Stock Analysis on JL

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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