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

J-Long Group Limited (NASDAQ:JL) was the target of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 11,735 shares, a drop of 33.9% from the January 29th total of 17,745 shares. Based on an average daily trading volume, of 26,819 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 26,819 shares, the days-to-cover ratio is currently 0.4 days.

J-Long Group Trading Up 0.6%

JL stock traded up $0.03 during midday trading on Friday, reaching $4.68. The company had a trading volume of 13,854 shares, compared to its average volume of 23,806. The company has a 50 day moving average of $4.84 and a two-hundred day moving average of $5.36. J-Long Group has a 1 year low of $1.50 and a 1 year high of $8.22. The company has a quick ratio of 2.36, a current ratio of 2.79 and a debt-to-equity ratio of 0.02.

J-Long Group (NASDAQ:JL) last announced its quarterly earnings results on Tuesday, December 23rd. The company reported $0.31 EPS for the quarter. The firm had revenue of $11.35 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e)” rating on shares of J-Long Group in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, J-Long Group currently has a consensus rating of “Sell”.

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.