Jin Medical International Ltd. (NASDAQ:ZJYL) Shares Shorted: Short Interest Down 84.7% in October

Jin Medical International Ltd. (NASDAQ:ZJYL) was the target of a significant drop in short interest in October. As of October 30th, there was short interest totaling 7,541 shares, a drop of 84.7% from the October 15th total of 49,143 shares. Based on an average daily volume of 342,511 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Jin Medical International Stock Performance

Shares of NASDAQ:ZJYL opened at $4.91 on Thursday. The stock’s 50-day moving average is $2.27 and its 200 day moving average is $2.38. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.70 and a current ratio of 1.95. Jin Medical International has a 1 year low of $1.53 and a 1 year high of $5.68.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Jin Medical International in a research note on Friday, September 25th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Jin Medical International Company Profile

Jin Medical International Limited is a medical device company focused on the design, manufacture and sale of mobility and daily-living assistance products. Through its operating subsidiaries in China, the company serves customers seeking equipment intended to support mobility, personal care and home or institutional use. The company’s product portfolio includes manual wheelchairs, electric wheelchairs, walking aids and other related medical and rehabilitation equipment. Its offerings are marketed through domestic and international sales channels, serving distributors, retailers and other customers in China and overseas markets.