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

J-Star Holding Co., Ltd (NASDAQ:YMAT) saw a significant drop in short interest in 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. Based on an average daily volume of 30,787 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.5% of the shares of the company are sold short.

J-Star Trading Down 1.4%

Shares of YMAT stock opened at $1.88 on Friday. J-Star has a 12 month low of $1.18 and a 12 month high of $13.00. The stock has a 50 day moving average of $2.21 and a 200-day moving average of $2.46.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of J-Star to a “hold” rating in a research note on Saturday, June 27th. Weiss Ratings lowered shares of J-Star from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, July 9th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On J-Star

A hedge fund recently bought a new position in J-Star stock. Citadel Advisors LLC purchased a new stake in J-Star Holding Co., Ltd (NASDAQ:YMAT) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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 Company Profile

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.