Short Interest in J-Long Group Limited (NASDAQ:JL) Expands By 69.1%

J-Long Group Limited (NASDAQ:JL) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 7,344 shares, an increase of 69.1% from the February 26th total of 4,343 shares. Based on an average trading volume of 45,003 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of J-Long Group in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

J-Long Group Trading Up 4.4%

Shares of JL stock traded up $0.28 during trading hours on Friday, hitting $6.66. 36,740 shares of the company were exchanged, compared to its average volume of 36,894. J-Long Group has a fifty-two week low of $1.50 and a fifty-two week high of $8.22. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.36 and a current ratio of 2.79. The company has a 50 day simple moving average of $4.40 and a two-hundred day simple moving average of $5.25.

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. The company was founded in 1985 and is based in Tsuen Wan, Hong Kong.