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

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

Institutional Inflows and Outflows

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

J-Long Group Trading Down 1.5 %

Shares of JL stock traded down $0.00 on Friday, hitting $0.32. The company had a trading volume of 44,747 shares, compared to its average volume of 1,075,368. J-Long Group has a twelve month low of $0.23 and a twelve month high of $29.95. The company has a 50-day moving average price of $0.41 and a 200-day moving average price of $0.46. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.84 and a current ratio of 2.67.

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.