Short Interest in Jayud Global Logistics Limited (NASDAQ:JYD) Increases By 801.9%

Jayud Global Logistics Limited (NASDAQ:JYD) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 129,880 shares, an increase of 801.9% from the May 14th total of 14,401 shares. Based on an average daily volume of 3,145,615 shares, the short-interest ratio is presently 0.0 days. Approximately 4.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Jayud Global Logistics stock. Citadel Advisors LLC purchased a new stake in shares of Jayud Global Logistics Limited (NASDAQ:JYD) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 196,915 shares of the company’s stock, valued at approximately $27,000. Citadel Advisors LLC owned 7.21% of Jayud Global Logistics at the end of the most recent quarter. Hedge funds and other institutional investors own 67.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Jayud Global Logistics from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 19th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Jayud Global Logistics presently has a consensus rating of “Sell”.

Jayud Global Logistics Price Performance

Shares of NASDAQ JYD opened at $0.72 on Wednesday. Jayud Global Logistics has a 12 month low of $0.47 and a 12 month high of $12.65. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $2.95 and a 200-day simple moving average of $3.29.

Jayud Global Logistics (NASDAQ:JYD) last posted its quarterly earnings results on Monday, April 20th. The company reported ($1.12) earnings per share for the quarter. The company had revenue of $23.35 million during the quarter.

Jayud Global Logistics Company Profile

Jayud Global Logistics Co, Ltd. is a China-based integrated supply chain service provider that offers a broad range of logistics solutions to multinational and domestic customers. The company’s core business encompasses international freight forwarding by sea, air, rail and road, as well as customs brokerage, warehousing, distribution and value-added services. Jayud Global Logistics leverages its vertically integrated network to deliver end-to-end visibility and control across the shipping process, aiming to streamline operations and reduce transit times for shippers in diverse industries.

In the area of freight forwarding, Jayud Global Logistics manages shipments of general and specialized cargo, including temperature-sensitive products, hazardous materials and oversized equipment.