Jin Medical International Ltd. (NASDAQ:ZJYL) Stock Short Interest Drops 84.7%

Jin Medical International Ltd. (NASDAQ:ZJYL) was the target of a large 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. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 342,511 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

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

Jin Medical International Trading Down 21.2%

Shares of Jin Medical International stock opened at $3.87 on Friday. The company’s 50 day moving average price is $2.30 and its two-hundred day moving average price is $2.39. Jin Medical International has a fifty-two week low of $1.53 and a fifty-two week high of $5.68. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.70 and a current ratio of 1.95.

About Jin Medical International

Jin Medical International Limited is a medical equipment company that designs, manufactures and sells mobility and rehabilitation products. The company’s offerings include manual and electric wheelchairs, mobility scooters, walkers and rollators, along with related accessories and other assistive equipment. Based in Changzhou, China, Jin Medical serves customers in China and international markets. Its products are used by people with mobility needs as well as by care providers and medical equipment distributors.