Short Interest in Jayud Global Logistics Limited (NASDAQ:JYD) Expands By 2,647.3%

Jayud Global Logistics Limited (NASDAQ:JYD) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 1,500,000 shares, an increase of 2,647.3% from the March 15th total of 54,600 shares. Currently, 5.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,050,000 shares, the short-interest ratio is currently 0.4 days.

Jayud Global Logistics Trading Up 10.7 %

JYD traded up $0.04 on Monday, hitting $0.38. 4,827,052 shares of the company were exchanged, compared to its average volume of 1,398,508. Jayud Global Logistics has a fifty-two week low of $0.24 and a fifty-two week high of $8.00. The business’s fifty day moving average is $3.61 and its 200 day moving average is $2.40.

Hedge Funds Weigh In On Jayud Global Logistics

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

Jayud Global Logistics Company Profile

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.