J-Long Group Limited (NASDAQ:JL) Short Interest Update

J-Long Group Limited (NASDAQ:JL) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 13,970 shares, an increase of 97.1% from the May 31st total of 7,086 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 70,091 shares, the days-to-cover ratio is currently 0.2 days.

J-Long Group Price Performance

J-Long Group stock opened at $5.84 on Friday. The firm has a 50 day simple moving average of $6.33 and a 200-day simple moving average of $5.65. J-Long Group has a 1-year low of $1.50 and a 1-year high of $8.22.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in J-Long Group stock. Renaissance Technologies LLC acquired a new stake in J-Long Group Limited (NASDAQ:JL) in the first quarter, according to its most recent disclosure 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 approximately 0.28% of J-Long Group at the end of the most recent quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded J-Long Group from a “sell (e)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, J-Long Group presently has a consensus rating of “Sell”.

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. The company was founded in 1985 and is based in Tsuen Wan, Hong Kong.