Jayud Global Logistics Limited (NASDAQ:JYD) Sees Large Increase in Short Interest

Jayud Global Logistics Limited (NASDAQ:JYDGet Free Report) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 1,500,000 shares, a growth of 2,647.3% from the March 15th total of 54,600 shares. Based on an average trading volume of 4,050,000 shares, the short-interest ratio is presently 0.4 days. Currently, 5.9% of the company’s shares are sold short.

Jayud Global Logistics Trading Up 14.4 %

Shares of Jayud Global Logistics stock opened at $0.40 on Tuesday. The firm has a fifty day moving average of $3.52 and a two-hundred day moving average of $2.40. Jayud Global Logistics has a 52 week low of $0.24 and a 52 week high of $8.00.

Institutional Investors Weigh In On Jayud Global Logistics

Institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC bought a new position in Jayud Global Logistics during the fourth quarter worth about $993,000. Citadel Advisors LLC acquired a new stake in shares of Jayud Global Logistics in the 4th quarter valued at approximately $145,000. Geode Capital Management LLC bought a new position in Jayud Global Logistics during the 4th quarter worth approximately $63,000. Barclays PLC bought a new position in Jayud Global Logistics during the 4th quarter worth approximately $35,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Jayud Global Logistics in the fourth quarter valued at approximately $34,000. 67.92% of the stock is owned by institutional investors and hedge funds.

About Jayud Global Logistics

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Jayud Global Logistics Limited, through its subsidiaries, provides a range of cross-border supply chain solution services worldwide. The company offers freight forwarding services, including integrated cross-border logistics, fragmented logistics services, and chartered airline freight services. It also offers supply chain management services, such as international trading and agent services; and other value-added services comprising custom brokerage and intelligent logistic IT systems.

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