Short Interest in J-Long Group Limited (NASDAQ:JL) Grows By 771.9%

J-Long Group Limited (NASDAQ:JL) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 1,920,000 shares, a growth of 771.9% from the October 15th total of 220,200 shares. Approximately 18.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,480,000 shares, the days-to-cover ratio is presently 1.3 days.

J-Long Group Stock Performance

Shares of JL stock traded down $0.01 during trading hours on Wednesday, hitting $0.44. 72,901 shares of the company’s stock were exchanged, compared to its average volume of 4,181,473. The company has a current ratio of 2.67, a quick ratio of 1.84 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $0.42 and a two-hundred day moving average of $0.49. J-Long Group has a fifty-two week low of $0.30 and a fifty-two week high of $29.95.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in J-Long Group stock. Virtu Financial LLC purchased a new position in shares of J-Long Group Limited (NASDAQ:JL) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

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.