Jianpu Technology Inc (JT) Sees Significant Increase in Short Interest

Jianpu Technology Inc (NYSE:JT) was the target of a significant growth in short interest in the month of December. As of December 29th, there was short interest totalling 2,332,005 shares, a growth of 34.4% from the December 15th total of 1,735,166 shares. Based on an average daily volume of 524,085 shares, the days-to-cover ratio is presently 4.4 days.

Jianpu Technology (NYSE JT) opened at $7.03 on Thursday. Jianpu Technology has a fifty-two week low of $4.75 and a fifty-two week high of $8.43.

Jianpu Technology (NYSE:JT) last posted its earnings results on Tuesday, December 12th. The company reported ($0.03) EPS for the quarter. sell-side analysts anticipate that Jianpu Technology will post -0.04 earnings per share for the current fiscal year.

JT has been the subject of several recent analyst reports. Goldman Sachs Group initiated coverage on shares of Jianpu Technology in a research report on Wednesday, December 13th. They set a “buy” rating and a $10.00 price objective for the company. Morgan Stanley initiated coverage on shares of Jianpu Technology in a research report on Thursday, December 14th. They set an “equal weight” rating and a $8.50 price objective for the company. Finally, JPMorgan Chase & Co. initiated coverage on shares of Jianpu Technology in a research report on Wednesday, December 20th. They set a “neutral” rating and a $8.00 price objective for the company.

COPYRIGHT VIOLATION WARNING: “Jianpu Technology Inc (JT) Sees Significant Increase in Short Interest” was originally published by American Banking News and is the property of of American Banking News. If you are reading this news story on another publication, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2018/01/18/jianpu-technology-inc-jt-sees-significant-increase-in-short-interest.html.

Jianpu Technology Company Profile

Jianpu Technology Inc provides an open platform for discovery and recommendation of financial products in China. The Company, through its technology, provides users with personalized search results and recommendations that are tailored to each user’s particular financial needs and credit profile. Financial service providers offer a wide variety of financial products on our platform, including consumer and other loans, credit cards, and wealth management products.

Receive News & Ratings for Jianpu Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jianpu Technology and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply