Aurora Mobile Limited Sponsored ADR (NASDAQ:JG) Sees Significant Drop in Short Interest

Aurora Mobile Limited Sponsored ADR (NASDAQ:JG) saw a large decline in short interest in January. As of January 30th, there was short interest totaling 5,505 shares, a decline of 24.1% from the January 15th total of 7,257 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 6,085 shares, the short-interest ratio is currently 0.9 days. Based on an average daily volume of 6,085 shares, the short-interest ratio is currently 0.9 days. Approximately 0.1% of the shares of the stock are sold short.

Aurora Mobile Stock Down 1.7%

Shares of JG stock opened at $8.02 on Tuesday. The stock has a market cap of $48.12 million, a P/E ratio of -100.25 and a beta of 0.60. Aurora Mobile has a fifty-two week low of $5.85 and a fifty-two week high of $13.26. The business has a fifty day simple moving average of $7.12 and a 200-day simple moving average of $7.92.

Aurora Mobile declared that its Board of Directors has initiated a share repurchase program on Thursday, November 13th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Aurora Mobile in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

About Aurora Mobile

Aurora Mobile (NASDAQ: JG) is a China‐based technology company specializing in mobile messaging and big data analytics. The company provides a one‐stop platform for developers and enterprises to integrate push notification services, in‐app messaging, and real‐time event tracking through a lightweight software development kit (SDK). Aurora Mobile’s platform is designed to help app publishers and brands enhance user engagement, retention and monetization by delivering timely and personalized content across mobile and web channels.

The company’s core offerings include smart push notifications, targeted messaging, user behavior analytics and data‐driven marketing tools.