Jin Medical International Ltd. (NASDAQ:ZJYL) Sees Significant Drop in Short Interest

Jin Medical International Ltd. (NASDAQ:ZJYL) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 7,826 shares, a decline of 58.6% from the June 15th total of 18,894 shares. Based on an average daily volume of 22,603 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Jin Medical International from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, June 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Jin Medical International Price Performance

Shares of ZJYL opened at $1.86 on Tuesday. The firm has a fifty day moving average of $2.31 and a 200-day moving average of $2.67. Jin Medical International has a 1 year low of $1.64 and a 1 year high of $17.18.

Jin Medical International Company Profile

Jin Medical International Ltd. engages in the design, development, manufacturing, and sale of wheelchair and other living aids products for people with disabilities or impaired mobility in China and internationally. It also offers oxygen concentrators and bathing machines. The company was founded in 2006 and is based in Changzhou, China. Jin Medical International Ltd. is a subsidiary of Jolly Harmony Enterprises Limited.