Jin Medical International Ltd. (NASDAQ:ZJYL) Stock Short Interest Falls 84.7%

Jin Medical International Ltd. (NASDAQ:ZJYL) saw a large decline in short interest in October. As of October 30th, there was short interest totaling 7,541 shares, a decline of 84.7% from the October 15th total of 49,143 shares. Based on an average daily trading volume, of 342,511 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Jin Medical International in a report on Friday, September 25th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Jin Medical International currently has a consensus rating of “Sell”.

Jin Medical International Stock Performance

Shares of Jin Medical International stock opened at $4.21 on Wednesday. The business has a fifty day simple moving average of $2.21 and a 200-day simple moving average of $2.37. Jin Medical International has a fifty-two week low of $1.53 and a fifty-two week high of $5.68. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.70 and a current ratio of 1.95.

About Jin Medical International

Jin Medical International Limited is a medical device company focused on the design, manufacture and sale of mobility and daily-living assistance products. Through its operating subsidiaries in China, the company serves customers seeking equipment intended to support mobility, personal care and home or institutional use. The company’s product portfolio includes manual wheelchairs, electric wheelchairs, walking aids and other related medical and rehabilitation equipment. Its offerings are marketed through domestic and international sales channels, serving distributors, retailers and other customers in China and overseas markets.