Jayud Global Logistics Limited (NASDAQ:JYD) Sees Large Increase in Short Interest

Jayud Global Logistics Limited (NASDAQ:JYD) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 174,588 shares, an increase of 764.9% from the September 30th total of 20,187 shares. Based on an average trading volume of 3,337,403 shares, the short-interest ratio is presently 0.1 days. Approximately 5.3% of the company’s shares are sold short.

Jayud Global Logistics Stock Performance

NASDAQ JYD opened at $2.09 on Thursday. Jayud Global Logistics has a 12-month low of $0.47 and a 12-month high of $5.75. The company has a 50-day simple moving average of $1.05 and a two-hundred day simple moving average of $2.00.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Jayud Global Logistics in a report on Friday, August 14th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Trading of Jayud Global Logistics

A hedge fund recently bought a new position in Jayud Global Logistics stock. Renaissance Technologies LLC bought a new position in Jayud Global Logistics Limited (NASDAQ:JYD) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 13,400 shares of the company’s stock, valued at approximately $40,000. Renaissance Technologies LLC owned about 0.41% of Jayud Global Logistics at the end of the most recent quarter. Hedge funds and other institutional investors own 67.92% of the company’s stock.

About Jayud Global Logistics

Jayud Global Logistics Limited (NASDAQ: JYD) is a China-based logistics and supply chain services provider headquartered in Shenzhen. The company focuses on facilitating domestic and international trade through integrated logistics solutions for businesses and their cargo.

Its services include freight forwarding, customs clearance, warehousing, cargo consolidation, trucking and other transportation-related support. Jayud also provides supply chain management services designed to coordinate the movement, storage and delivery of goods across multiple stages of the logistics process.

The company primarily serves customers in China while supporting cross-border shipments and international trade.