Jayud Global Logistics Limited (NASDAQ:JYD) Sees Significant Decline in Short Interest

Jayud Global Logistics Limited (NASDAQ:JYD) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 29,350 shares, a drop of 57.8% from the June 30th total of 69,556 shares. Based on an average trading volume of 64,295 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.9% of the shares of the stock are sold short.

Jayud Global Logistics Trading Up 9.4%

Shares of NASDAQ:JYD traded up $0.09 on Tuesday, reaching $1.02. 374,225 shares of the company traded hands, compared to its average volume of 331,092. The business’s 50-day simple moving average is $0.82 and its 200 day simple moving average is $2.49. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.04. Jayud Global Logistics has a 52 week low of $0.47 and a 52 week high of $11.50.

Analyst Ratings Changes

Separately, Weiss Ratings cut Jayud Global Logistics from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Institutional Investors Weigh In On Jayud Global Logistics

A hedge fund recently bought a new stake in Jayud Global Logistics stock. Citadel Advisors LLC acquired a new position in Jayud Global Logistics Limited (NASDAQ:JYD) during the third quarter, according to its most recent filing with the SEC. The firm acquired 196,915 shares of the company’s stock, valued at approximately $27,000. Citadel Advisors LLC owned about 7.21% of Jayud Global Logistics as of its most recent filing with the SEC. 67.92% of the stock is owned by institutional investors and hedge funds.

About Jayud Global Logistics

Jayud Global Logistics Co, Ltd. is a China-based integrated supply chain service provider that offers a broad range of logistics solutions to multinational and domestic customers. The company’s core business encompasses international freight forwarding by sea, air, rail and road, as well as customs brokerage, warehousing, distribution and value-added services. Jayud Global Logistics leverages its vertically integrated network to deliver end-to-end visibility and control across the shipping process, aiming to streamline operations and reduce transit times for shippers in diverse industries.

In the area of freight forwarding, Jayud Global Logistics manages shipments of general and specialized cargo, including temperature-sensitive products, hazardous materials and oversized equipment.