Jin Medical International Ltd. (NASDAQ:ZJYL) Sees Significant Drop in Short Interest

Jin Medical International Ltd. (NASDAQ:ZJYL) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 3,317 shares, a decline of 79.5% from the July 15th total of 16,167 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 17,392 shares, the days-to-cover ratio is currently 0.2 days.

Jin Medical International Stock Performance

Shares of NASDAQ:ZJYL traded up $0.07 during midday trading on Friday, hitting $3.33. 33,220 shares of the stock were exchanged, compared to its average volume of 408,445. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.70 and a current ratio of 1.95. The business’s 50-day moving average price is $2.21 and its 200 day moving average price is $2.38. Jin Medical International has a 12 month low of $1.53 and a 12 month high of $17.18.

Jin Medical International (NASDAQ:ZJYL) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $4.46 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Jin Medical International from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, June 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

About Jin Medical International

Jin Medical International Ltd. engages in the design, development, manufacturing, and sale of wheelchair and other living aids products for people with disabilities or impaired mobility in China and internationally. It also offers oxygen concentrators and bathing machines. The company was founded in 2006 and is based in Changzhou, China. Jin Medical International Ltd. is a subsidiary of Jolly Harmony Enterprises Limited.