J-Star Holding Co., Ltd (NASDAQ:YMAT) Short Interest Down 67.1% in August

J-Star Holding Co., Ltd (NASDAQ:YMAT) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 17,094 shares, a drop of 67.1% from the July 30th total of 51,900 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 30,787 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in J-Star stock. Citadel Advisors LLC bought a new position in shares of J-Star Holding Co., Ltd (NASDAQ:YMAT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 68,530 shares of the company’s stock, valued at approximately $82,000. Citadel Advisors LLC owned 0.40% of J-Star at the end of the most recent reporting period.

J-Star Trading Down 1.4%

YMAT opened at $1.88 on Friday. J-Star has a twelve month low of $1.18 and a twelve month high of $13.00. The company has a fifty day moving average of $2.21 and a 200-day moving average of $2.46.

Analysts Set New Price Targets

A number of brokerages recently weighed in on YMAT. Wall Street Zen upgraded J-Star to a “hold” rating in a research report on Saturday, June 27th. Weiss Ratings downgraded J-Star from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, July 9th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

About J-Star

J-Star Holding Co, Ltd. is a provider of carbon fiber and composite solutions across a wide range of applications including personal sports equipment, healthcare products, automobile parts, resin systems, and research and development services. J-Star Holding Co, Ltd. is based in TAICHUNG CITY, Taiwan.