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

J-Long Group Limited (NASDAQ:JL) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 17,745 shares, a growth of 26.4% from the January 15th total of 14,043 shares. Based on an average trading volume of 107,245 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 107,245 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e)” rating on shares of J-Long Group in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, J-Long Group has a consensus rating of “Sell”.

J-Long Group Stock Performance

Shares of NASDAQ:JL traded up $0.10 during midday trading on Monday, hitting $4.12. The company had a trading volume of 1,464 shares, compared to its average volume of 55,604. J-Long Group has a twelve month low of $1.50 and a twelve month high of $8.22. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.79 and a quick ratio of 2.36. The business’s 50-day simple moving average is $5.14 and its 200-day simple moving average is $5.46.

J-Long Group (NASDAQ:JL) last issued its earnings results on Tuesday, December 23rd. The company reported $0.31 earnings per share (EPS) for the quarter. The company had revenue of $11.35 million during the quarter.

About J-Long Group

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.