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

J-Long Group Limited (NASDAQ:JL) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 7,344 shares, a growth of 69.1% from the February 26th total of 4,343 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 45,003 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of J-Long Group in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

J-Long Group Trading Up 4.4%

Shares of NASDAQ:JL traded up $0.28 during trading hours on Friday, hitting $6.66. 36,740 shares of the company’s stock traded hands, compared to its average volume of 60,374. J-Long Group has a 1 year low of $1.50 and a 1 year high of $8.22. The business has a fifty day moving average price of $4.38 and a 200-day moving average price of $5.24. The company has a quick ratio of 2.36, a current ratio of 2.79 and a debt-to-equity ratio of 0.02.

J-Long Group (NASDAQ:JL) last issued its quarterly earnings results on Tuesday, December 23rd. The company reported $0.31 earnings per share for the quarter. The business had revenue of $11.35 million during the quarter.

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.