Jayud Global Logistics Limited (NASDAQ:JYD) Sees Significant Decrease in Short Interest

Jayud Global Logistics Limited (NASDAQ:JYD) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 21,076 shares, a decline of 35.5% from the August 31st total of 32,684 shares. Based on an average daily volume of 202,532 shares, the short-interest ratio is presently 0.1 days. Approximately 0.6% of the shares of the stock are short sold.

Jayud Global Logistics Price Performance

Jayud Global Logistics stock opened at $0.89 on Friday. The firm has a fifty day simple moving average of $0.91 and a two-hundred day simple moving average of $1.74. Jayud Global Logistics has a twelve month low of $0.47 and a twelve month high of $7.32.

Hedge Funds Weigh In On Jayud Global Logistics

An institutional investor recently bought a new position in Jayud Global Logistics stock. Renaissance Technologies LLC purchased a new position in Jayud Global Logistics Limited (NASDAQ:JYD) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,400 shares of the company’s stock, valued at approximately $40,000. Renaissance Technologies LLC owned 0.41% of Jayud Global Logistics at the end of the most recent reporting period. Hedge funds and other institutional investors own 67.92% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued 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, Based on data from MarketBeat, Jayud Global Logistics presently has a consensus rating of “Sell”.

Jayud Global Logistics Company Profile

Jayud Global Logistics Limited is a China-based integrated logistics and supply chain services provider. The company offers cross-border logistics solutions designed to support the movement of goods between China and international markets.

Its services include freight forwarding by air, sea and land; customs clearance and brokerage; warehousing; trucking and other transportation services; and supply chain management. Jayud also provides logistics support for specialized shipments and project-based cargo, helping customers coordinate multiple stages of the import and export process.

The company is headquartered in Shenzhen, Guangdong Province, a major Chinese manufacturing and international trade center.