Jayud Global Logistics Limited (NASDAQ:JYD) Short Interest Update

Jayud Global Logistics Limited (NASDAQ:JYD) was the recipient of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 17,350 shares, a decline of 25.0% from the February 26th total of 23,134 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 18,516 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Investors Weigh In On Jayud Global Logistics

An institutional investor recently bought a new position in Jayud Global Logistics stock. Citadel Advisors LLC acquired a new position in shares of Jayud Global Logistics Limited (NASDAQ:JYD) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 196,915 shares of the company’s stock, valued at approximately $27,000. Citadel Advisors LLC owned 7.21% 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.

Jayud Global Logistics Stock Performance

Shares of NASDAQ JYD traded down $0.03 during mid-day trading on Tuesday, reaching $2.88. 2,023 shares of the company were exchanged, compared to its average volume of 96,169. The company’s 50-day simple moving average is $2.89 and its 200-day simple moving average is $4.21. Jayud Global Logistics has a twelve month low of $2.38 and a twelve month high of $400.00.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Jayud Global Logistics in a research note on Monday, March 23rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Jayud Global Logistics presently has a consensus rating of “Sell”.

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.