J-Long Group Limited (NASDAQ:JL) Short Interest Update

J-Long Group Limited (NASDAQ:JL) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 21,037 shares, an increase of 107.8% from the July 30th total of 10,126 shares. Based on an average daily trading volume, of 16,450 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.6% of the company’s stock are short sold.

Institutional Trading of J-Long Group

A hedge fund recently bought a new stake in J-Long Group stock. Renaissance Technologies LLC purchased a new stake in shares of J-Long Group Limited (NASDAQ:JL) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,425 shares of the company’s stock, valued at approximately $72,000. Renaissance Technologies LLC owned about 0.28% of J-Long Group as of its most recent filing with the Securities & Exchange Commission.

J-Long Group Price Performance

Shares of NASDAQ JL opened at $4.71 on Monday. J-Long Group has a twelve month low of $1.50 and a twelve month high of $8.22. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.31 and a current ratio of 2.84. The stock’s 50-day simple moving average is $5.49 and its two-hundred day simple moving average is $5.72.

J-Long Group (NASDAQ:JL) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $9.76 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of J-Long Group in a report on Friday, July 31st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

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.