Short Interest in Jin Medical International Ltd. (NASDAQ:ZJYL) Drops By 79.5%

Jin Medical International Ltd. (NASDAQ:ZJYL) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 3,317 shares, a decrease of 79.5% from the July 15th total of 16,167 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 17,392 shares, the days-to-cover ratio is currently 0.2 days.

Jin Medical International Stock Down 6.6%

Jin Medical International stock traded down $0.23 during mid-day trading on Thursday, reaching $3.26. The company’s stock had a trading volume of 107,892 shares, compared to its average volume of 2,127,730. The business has a 50 day moving average price of $2.21 and a 200-day moving average price of $2.38. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.70 and a current ratio of 1.95. Jin Medical International has a twelve month low of $1.53 and a twelve month high of $17.18.

Jin Medical International (NASDAQ:ZJYL) last released its earnings results on Tuesday, August 4th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $4.46 million for the quarter.

Analysts Set New Price Targets

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

About Jin Medical International

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.