J-Long Group Limited (NASDAQ:JL) Sees Significant Growth in Short Interest

J-Long Group Limited (NASDAQ:JL) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 21,037 shares, a growth of 107.8% from the July 30th total of 10,126 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 16,450 shares, the days-to-cover ratio is currently 1.3 days.

Hedge Funds Weigh In On J-Long Group

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

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of J-Long Group in a research report on Friday, July 31st. 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 Stock Down 3.7%

Shares of JL opened at $4.71 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.84 and a quick ratio of 2.31. The company’s fifty day moving average price is $5.49 and its 200-day moving average price is $5.71. J-Long Group has a 1-year low of $1.50 and a 1-year high of $8.22.

J-Long Group (NASDAQ:JL) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.07 EPS for the quarter. The firm had revenue of $9.76 million for the quarter.

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.