Short Interest in J-Star Holding Co., Ltd (NASDAQ:YMAT) Decreases By 65.1%

J-Star Holding Co., Ltd (NASDAQ:YMAT) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 72,997 shares, a drop of 65.1% from the June 30th total of 208,890 shares. Based on an average trading volume of 884,583 shares, the short-interest ratio is currently 0.1 days. Approximately 2.3% of the shares of the company are sold short.

Institutional Trading of J-Star

A hedge fund recently bought a new stake in J-Star stock. Citadel Advisors LLC acquired a new position in shares of J-Star Holding Co., Ltd (NASDAQ:YMAT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 68,530 shares of the company’s stock, valued at approximately $82,000. Citadel Advisors LLC owned approximately 0.40% of J-Star at the end of the most recent quarter.

Analyst Upgrades and Downgrades

YMAT has been the topic of several analyst reports. Weiss Ratings downgraded shares of J-Star from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, July 9th. Wall Street Zen raised shares of J-Star to a “hold” rating in a report on Saturday, June 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

J-Star Trading Down 5.8%

NASDAQ:YMAT opened at $1.70 on Wednesday. The stock has a fifty day moving average price of $3.18 and a two-hundred day moving average price of $2.55. J-Star has a 1 year low of $1.18 and a 1 year high of $32.25.

J-Star (NASDAQ:YMAT) last released its earnings results on Thursday, April 30th. The company reported ($3.08) EPS for the quarter. The business had revenue of ($0.33) million during the quarter.

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.