J-Long Group Limited (NASDAQ:JL) Short Interest Update

by · The Cerbat Gem

J-Long Group Limited (NASDAQ:JL – Get Free Report) saw a large decline in short interest in August. As of August 31st, there was short interest totalling 259,600 shares, a decline of 11.6% from the August 15th total of 293,500 shares. Currently, 2.5% of the company’s stock are short sold. Based on an average trading volume of 237,100 shares, the days-to-cover ratio is currently 1.1 days.

Hedge Funds Weigh In On J-Long Group

A hedge fund recently bought a new stake in J-Long Group stock. Virtu Financial LLC bought a new position in shares of J-Long Group Limited (NASDAQ:JL – Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 72,033 shares of the company’s stock, valued at approximately $72,000. Virtu Financial LLC owned 0.24% of J-Long Group as of its most recent SEC filing.

J-Long Group Trading Down 2.3 %

NASDAQ:JL traded down $0.01 on Wednesday, hitting $0.37. 52,689 shares of the company’s stock traded hands, compared to its average volume of 820,651. J-Long Group has a 1 year low of $0.30 and a 1 year high of $29.95. The firm has a 50-day moving average price of $0.42 and a 200-day moving average price of $0.71.

About J-Long Group

(Get Free Report)

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.

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