J-Star Holding Co., Ltd (NASDAQ:YMAT) Sees Significant Drop in Short Interest

J-Star Holding Co., Ltd (NASDAQ:YMAT) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 345,425 shares, a drop of 51.5% from the May 31st total of 711,723 shares. Approximately 2.5% of the company’s stock are short sold. Based on an average daily trading volume, of 5,035,868 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of J-Star

A hedge fund recently bought a new stake in J-Star stock. Citadel Advisors LLC bought a new position in J-Star Holding Co., Ltd (NASDAQ:YMAT) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 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.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised J-Star to a “hold” rating in a research report on Saturday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

J-Star Trading Down 10.3%

J-Star stock traded down $0.06 during mid-day trading on Tuesday, hitting $0.54. 249,850 shares of the company’s stock were exchanged, compared to its average volume of 7,267,004. J-Star has a 1-year low of $0.23 and a 1-year high of $6.45. The stock has a 50 day moving average of $0.67 and a two-hundred day moving average of $0.53.

J-Star (NASDAQ:YMAT) last released its quarterly earnings results on Thursday, April 30th. The company reported ($0.62) earnings per share (EPS) for the quarter. The firm had revenue of ($0.33) million during the quarter.

About J-Star

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.