J-Long Group Limited (NASDAQ:JL – Get Free Report) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 11,929 shares, a drop of 43.3% from the August 15th total of 21,037 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 14,388 shares, the short-interest ratio is currently 0.8 days.
Hedge Funds Weigh In On J-Long Group
An institutional investor recently bought a new position in J-Long Group stock. Renaissance Technologies LLC bought a new position in J-Long Group Limited (NASDAQ:JL – Free Report) in the first quarter, according to its most recent filing with the SEC. The firm bought 10,425 shares of the company’s stock, valued at approximately $72,000. Renaissance Technologies LLC owned approximately 0.28% of J-Long Group as of its most recent SEC filing.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded shares of J-Long Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
J-Long Group Stock Down 12.5%
Shares of NASDAQ JL traded down $0.61 during mid-day trading on Wednesday, reaching $4.26. 4,708 shares of the company were exchanged, compared to its average volume of 19,526. J-Long Group has a 1 year low of $1.50 and a 1 year high of $8.22. The firm has a 50-day moving average of $5.24 and a 200 day moving average of $5.77. The company has a current ratio of 2.84, a quick ratio of 2.31 and a debt-to-equity ratio of 0.14.
J-Long Group (NASDAQ:JL – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $9.76 million for 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.
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