J-Long Group Limited (NASDAQ:JL – Get Free Report) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 13,970 shares, an increase of 97.1% from the May 31st total of 7,086 shares. Based on an average trading volume of 70,091 shares, the short-interest ratio is presently 0.2 days. Approximately 0.4% of the company’s shares are sold short.
J-Long Group Stock Down 0.3%
Shares of NASDAQ JL traded down $0.01 during midday trading on Thursday, hitting $5.80. 19,657 shares of the company’s stock were exchanged, compared to its average volume of 49,939. The business’s fifty day moving average price is $6.31 and its two-hundred day moving average price is $5.65. J-Long Group has a 12-month low of $1.50 and a 12-month high of $8.22.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded shares of J-Long Group from a “sell (e)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, J-Long Group currently has an average rating of “Sell”.
Hedge Funds Weigh In On J-Long Group
An institutional investor recently bought a new stake in J-Long Group stock. Renaissance Technologies LLC bought a new position in J-Long Group Limited (NASDAQ:JL – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 filing with the SEC.
J-Long Group Company Profile
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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