Aurora Mobile Limited Sponsored ADR (NASDAQ:JG) Sees Large Decline in Short Interest

Aurora Mobile Limited Sponsored ADR (NASDAQ:JG) was the recipient of a large drop in short interest in January. As of January 30th, there was short interest totaling 5,505 shares, a drop of 24.1% from the January 15th total of 7,257 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 6,085 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily volume of 6,085 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.1% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aurora Mobile in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Aurora Mobile Stock Performance

Shares of NASDAQ:JG traded down $0.14 during midday trading on Monday, hitting $8.02. 3,850 shares of the stock were exchanged, compared to its average volume of 5,878. The business’s 50-day moving average price is $7.10 and its 200 day moving average price is $7.93. The stock has a market capitalization of $48.12 million, a price-to-earnings ratio of -100.25 and a beta of 0.60. Aurora Mobile has a 12 month low of $5.85 and a 12 month high of $13.26.

Aurora Mobile announced that its board has approved a share repurchase plan on Thursday, November 13th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

About Aurora Mobile

Aurora Mobile (NASDAQ: JG) is a China‐based technology company specializing in mobile messaging and big data analytics. The company provides a one‐stop platform for developers and enterprises to integrate push notification services, in‐app messaging, and real‐time event tracking through a lightweight software development kit (SDK). Aurora Mobile’s platform is designed to help app publishers and brands enhance user engagement, retention and monetization by delivering timely and personalized content across mobile and web channels.

The company’s core offerings include smart push notifications, targeted messaging, user behavior analytics and data‐driven marketing tools.