Short Interest in J-Long Group Limited (NASDAQ:JL) Increases By 771.9%

J-Long Group Limited (NASDAQ:JL) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 1,920,000 shares, an increase of 771.9% from the October 15th total of 220,200 shares. Approximately 18.6% of the shares of the company are short sold. Based on an average trading volume of 1,480,000 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Trading of J-Long Group

An institutional investor recently bought a new position in J-Long Group stock. Virtu Financial LLC acquired a new stake in J-Long Group Limited (NASDAQ:JL) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 72,033 shares of the company’s stock, valued at approximately $72,000. Virtu Financial LLC owned approximately 0.24% of J-Long Group at the end of the most recent reporting period.

J-Long Group Stock Performance

Shares of J-Long Group stock traded down $0.01 on Thursday, reaching $0.41. The company’s stock had a trading volume of 114,162 shares, compared to its average volume of 1,096,610. J-Long Group has a 52-week low of $0.30 and a 52-week high of $29.95. The stock has a 50-day moving average price of $0.42 and a 200-day moving average price of $0.49. The company has a quick ratio of 1.84, a current ratio of 2.67 and a debt-to-equity ratio of 0.14.

J-Long Group Company Profile

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.