J-Long Group Limited (NASDAQ:JL) Sees Significant Drop in Short Interest

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

Hedge Funds Weigh In On J-Long Group

A hedge fund recently bought a new stake in J-Long Group stock. Virtu Financial LLC acquired a new position in shares of J-Long Group Limited (NASDAQ:JL) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

J-Long Group Stock Performance

JL traded up $0.02 during trading on Wednesday, hitting $0.32. The stock had a trading volume of 107,456 shares, compared to its average volume of 1,080,186. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.84 and a current ratio of 2.67. J-Long Group has a 12 month low of $0.23 and a 12 month high of $29.95. The company has a 50 day simple moving average of $0.41 and a 200-day simple moving average of $0.46.

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.