Short Interest in Jayud Global Logistics Limited (NASDAQ:JYD) Decreases By 22.6%
by Mitch Edgeman · The Markets DailyJayud Global Logistics Limited (NASDAQ:JYD – Get Free Report) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totaling 16,463 shares, a decline of 22.6% from the November 30th total of 21,275 shares. Based on an average daily volume of 47,591 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.6% of the company’s stock are sold short. Currently, 0.6% of the company’s stock are sold short. Based on an average daily volume of 47,591 shares, the days-to-cover ratio is currently 0.3 days.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on JYD. Weiss Ratings restated a “sell (d-)” rating on shares of Jayud Global Logistics in a research note on Wednesday, December 24th. Wall Street Zen upgraded shares of Jayud Global Logistics to a “hold” rating in a report on Saturday, November 15th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Jayud Global Logistics has an average rating of “Sell”.
Get Our Latest Stock Analysis on JYD
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Jayud Global Logistics stock. Invesco Ltd. bought a new stake in Jayud Global Logistics Limited (NASDAQ:JYD – Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 74,867 shares of the company’s stock, valued at approximately $576,000. Invesco Ltd. owned about 0.08% of Jayud Global Logistics as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 67.92% of the company’s stock.
Jayud Global Logistics Trading Down 0.2%
Shares of NASDAQ JYD traded down $0.01 during mid-day trading on Thursday, reaching $4.99. The company had a trading volume of 23,258 shares, compared to its average volume of 28,322. The firm has a 50 day simple moving average of $3.99 and a two-hundred day simple moving average of $7.00. Jayud Global Logistics has a 52-week low of $2.71 and a 52-week high of $400.00.
About Jayud Global Logistics
Jayud Global Logistics Co, Ltd. is a China-based integrated supply chain service provider that offers a broad range of logistics solutions to multinational and domestic customers. The company’s core business encompasses international freight forwarding by sea, air, rail and road, as well as customs brokerage, warehousing, distribution and value-added services. Jayud Global Logistics leverages its vertically integrated network to deliver end-to-end visibility and control across the shipping process, aiming to streamline operations and reduce transit times for shippers in diverse industries.
In the area of freight forwarding, Jayud Global Logistics manages shipments of general and specialized cargo, including temperature-sensitive products, hazardous materials and oversized equipment.