J-Long Group Limited (NASDAQ:JL) Sees Large Decline in Short Interest

J-Long Group Limited (NASDAQ:JL) was the recipient of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 226,800 shares, a decline of 88.2% from the October 31st total of 1,920,000 shares. Approximately 2.2% of the company’s shares are sold short. Based on an average daily trading volume, of 1,540,000 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

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

J-Long Group Stock Down 2.2 %

Shares of NASDAQ:JL traded down $0.01 during midday trading on Friday, reaching $0.31. The company’s stock had a trading volume of 90,640 shares, compared to its average volume of 1,075,586. The company has a quick ratio of 1.84, a current ratio of 2.67 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average price of $0.41 and a two-hundred day moving average price of $0.46. J-Long Group has a fifty-two week low of $0.23 and a fifty-two week high of $29.95.

About J-Long Group

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.