J-Long Group Limited (NASDAQ:JL) Short Interest Up 89.8% in May

J-Long Group Limited (NASDAQ:JL) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 10,182 shares, a growth of 89.8% from the April 30th total of 5,366 shares. Based on an average trading volume of 16,660 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.3% of the shares of the company are short sold.

Wall Street Analyst Weigh In

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

Institutional Trading of J-Long Group

An institutional investor recently bought a new position in J-Long Group stock. Renaissance Technologies LLC bought a new stake in shares of J-Long Group Limited (NASDAQ:JL) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,425 shares of the company’s stock, valued at approximately $72,000. Renaissance Technologies LLC owned about 0.28% of J-Long Group as of its most recent SEC filing.

J-Long Group Stock Performance

Shares of J-Long Group stock opened at $6.40 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.36 and a current ratio of 2.79. The business has a fifty day simple moving average of $6.55 and a 200-day simple moving average of $5.55. J-Long Group has a fifty-two week low of $1.50 and a fifty-two week high of $8.22.

J-Long Group Company Profile

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.