Jin Medical International Ltd. (NASDAQ:ZJYL) Sees Large Growth in Short Interest

Jin Medical International Ltd. (NASDAQ:ZJYL) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 16,167 shares, an increase of 106.6% from the June 30th total of 7,826 shares. Based on an average daily volume of 11,224 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.2% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Jin Medical International from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, June 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Jin Medical International Trading Up 2.6%

NASDAQ ZJYL opened at $1.97 on Thursday. Jin Medical International has a 12 month low of $1.64 and a 12 month high of $17.18. The company’s 50 day simple moving average is $2.23 and its 200 day simple moving average is $2.45.

Jin Medical International Company Profile

Jin Medical International Ltd. engages in the design, development, manufacturing, and sale of wheelchair and other living aids products for people with disabilities or impaired mobility in China and internationally. It also offers oxygen concentrators and bathing machines. The company was founded in 2006 and is based in Changzhou, China. Jin Medical International Ltd. is a subsidiary of Jolly Harmony Enterprises Limited.