J-Star Holding Co., Ltd (NASDAQ:YMAT) Sees Large Decrease in Short Interest

J-Star Holding Co., Ltd (NASDAQ:YMAT) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 17,094 shares, a decline of 67.1% from the July 30th total of 51,900 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 30,787 shares, the days-to-cover ratio is currently 0.6 days.

Wall Street Analysts Forecast Growth

YMAT has been the topic of several research analyst reports. Weiss Ratings downgraded J-Star from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, July 9th. Wall Street Zen upgraded J-Star to a “hold” rating in a research note on Saturday, June 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, J-Star has a consensus rating of “Sell”.

Institutional Investors Weigh In On J-Star

A hedge fund recently bought a new stake in J-Star stock. Citadel Advisors LLC purchased a new position in J-Star Holding Co., Ltd (NASDAQ:YMAT) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 68,530 shares of the company’s stock, valued at approximately $82,000. Citadel Advisors LLC owned approximately 0.40% of J-Star at the end of the most recent quarter.

J-Star Trading Down 1.8%

NASDAQ:YMAT opened at $1.87 on Friday. The business’s fifty day moving average is $2.24 and its 200 day moving average is $2.46. J-Star has a 52-week low of $1.18 and a 52-week high of $13.00.

J-Star Company Profile

J-Star Holding Co, Ltd. is a provider of carbon fiber and composite solutions across a wide range of applications including personal sports equipment, healthcare products, automobile parts, resin systems, and research and development services. J-Star Holding Co, Ltd. is based in TAICHUNG CITY, Taiwan.