J-Long Group Limited (NASDAQ:JL) Short Interest Down 43.3% in August

J-Long Group Limited (NASDAQ:JLGet Free Report) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 11,929 shares, a decline of 43.3% from the August 15th total of 21,037 shares. Based on an average trading volume of 14,388 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.3% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised J-Long Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

View Our Latest Stock Analysis on J-Long Group

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in J-Long Group stock. Renaissance Technologies LLC acquired a new position in J-Long Group Limited (NASDAQ:JLFree Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 10,425 shares of the company’s stock, valued at approximately $72,000. Renaissance Technologies LLC owned 0.28% of J-Long Group as of its most recent filing with the Securities and Exchange Commission (SEC).

J-Long Group Stock Down 0.7%

Shares of J-Long Group stock opened at $4.71 on Tuesday. The stock has a 50-day moving average price of $5.29 and a 200 day moving average price of $5.77. J-Long Group has a 1 year low of $1.50 and a 1 year high of $8.22. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.84 and a quick ratio of 2.31.

J-Long Group (NASDAQ:JLGet Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.07 EPS for the quarter. The firm had revenue of $9.76 million during the quarter.

About J-Long Group

(Get Free Report)

J-Long Group Limited distributes reflective and non-reflective garment trims in Asia, Hong Kong, the People's Republic of China, and internationally. The company offers heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pullers, and drawcords. It also sells through online. The company was founded in 1985 and is based in Tsuen Wan, Hong Kong.

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