Short Interest in J-Long Group Limited (NASDAQ:JL) Increases By 203.1%

J-Long Group Limited (NASDAQ:JL) was the target of a large increase in short interest in September. As of September 30th, there was short interest totalling 327,600 shares, an increase of 203.1% from the September 15th total of 108,100 shares. Approximately 3.2% of the company’s stock are sold short. Based on an average daily volume of 236,400 shares, the days-to-cover ratio is presently 1.4 days.

J-Long Group Stock Performance

Shares of JL traded up $0.02 during trading hours on Friday, hitting $0.39. The company had a trading volume of 189,324 shares, compared to its average volume of 775,979. The company has a current ratio of 2.67, a quick ratio of 1.84 and a debt-to-equity ratio of 0.14. J-Long Group has a one year low of $0.30 and a one year high of $29.95. The company’s fifty day moving average price is $0.38 and its two-hundred day moving average price is $0.55.

Hedge Funds Weigh In On J-Long Group

A hedge fund recently bought a new stake in J-Long Group stock. Virtu Financial LLC purchased a new stake in J-Long Group Limited (NASDAQ:JL) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 72,033 shares of the company’s stock, valued at approximately $72,000. Virtu Financial LLC owned about 0.24% of J-Long Group as of its most recent filing with the Securities & Exchange Commission.

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.