Jayud Global Logistics Limited (NASDAQ:JYD – Get Free Report) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 1,500,000 shares, a growth of 2,647.3% from the March 15th total of 54,600 shares. Currently, 5.9% of the shares of the company are short sold. Based on an average daily volume of 4,050,000 shares, the short-interest ratio is currently 0.4 days.
Institutional Trading of Jayud Global Logistics
Hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC acquired a new stake in shares of Jayud Global Logistics during the fourth quarter worth $993,000. Citadel Advisors LLC acquired a new stake in shares of Jayud Global Logistics in the 4th quarter worth $145,000. Geode Capital Management LLC purchased a new stake in shares of Jayud Global Logistics in the fourth quarter valued at about $63,000. Barclays PLC purchased a new stake in shares of Jayud Global Logistics in the fourth quarter valued at about $35,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Jayud Global Logistics during the fourth quarter worth about $34,000. 67.92% of the stock is owned by institutional investors and hedge funds.
Jayud Global Logistics Price Performance
Shares of NASDAQ:JYD traded up $0.04 on Monday, reaching $0.38. The company’s stock had a trading volume of 4,827,052 shares, compared to its average volume of 1,398,508. Jayud Global Logistics has a 52-week low of $0.24 and a 52-week high of $8.00. The stock’s 50-day moving average is $3.61 and its two-hundred day moving average is $2.40.
About Jayud Global Logistics
Jayud Global Logistics Limited, through its subsidiaries, provides a range of cross-border supply chain solution services worldwide. The company offers freight forwarding services, including integrated cross-border logistics, fragmented logistics services, and chartered airline freight services. It also offers supply chain management services, such as international trading and agent services; and other value-added services comprising custom brokerage and intelligent logistic IT systems.
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