J-Long Group Limited (NASDAQ:JL) Sees Significant Drop in Short Interest

J-Long Group Limited (NASDAQ:JL) saw a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 226,800 shares, a drop of 88.2% from the October 31st total of 1,920,000 shares. Based on an average daily trading volume, of 1,540,000 shares, the short-interest ratio is presently 0.1 days. Approximately 2.2% of the shares of the company are short sold.

J-Long Group Price Performance

JL traded up $0.02 on Wednesday, hitting $0.32. 107,456 shares of the company’s stock were exchanged, compared to its average volume of 1,080,186. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.67 and a quick ratio of 1.84. The stock has a fifty day moving average of $0.41 and a two-hundred day moving average of $0.46. J-Long Group has a twelve month low of $0.23 and a twelve month high of $29.95.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in J-Long Group stock. Virtu Financial LLC acquired a new stake in J-Long Group Limited (NASDAQ:JL) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 72,033 shares of the company’s stock, valued at approximately $72,000. Virtu Financial LLC owned approximately 0.24% of J-Long Group at the end of the most recent reporting period.

About J-Long Group

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.