Jayud Global Logistics Limited (NASDAQ:JYD) Short Interest Down 66.0% in June

Jayud Global Logistics Limited (NASDAQ:JYD) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 44,114 shares, a decrease of 66.0% from the May 31st total of 129,880 shares. Based on an average daily volume of 413,210 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.3% of the shares of the company are sold short.

Jayud Global Logistics Stock Performance

Shares of NASDAQ JYD traded down $0.07 during mid-day trading on Tuesday, reaching $0.81. 32,308 shares of the company traded hands, compared to its average volume of 351,545. Jayud Global Logistics has a fifty-two week low of $0.47 and a fifty-two week high of $12.64. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.51 and a quick ratio of 1.51. The stock has a fifty day simple moving average of $2.35 and a 200-day simple moving average of $2.97.

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

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of 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, According to MarketBeat, Jayud Global Logistics has a consensus rating of “Sell”.

Institutional Trading of Jayud Global Logistics

A hedge fund recently bought a new stake in Jayud Global Logistics stock. Renaissance Technologies LLC purchased a new position in Jayud Global Logistics Limited (NASDAQ:JYD) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 13,400 shares of the company’s stock, valued at approximately $40,000. Renaissance Technologies LLC owned approximately 0.41% of Jayud Global Logistics at the end of the most recent quarter. Institutional investors and hedge funds own 67.92% of the company’s stock.

About Jayud Global Logistics

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.