Short Interest in Julong Holding Ltd (NASDAQ:JLHL) Decreases By 36.7%

Julong Holding Ltd (NASDAQ:JLHL) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 16,630 shares, a decline of 36.7% from the May 14th total of 26,278 shares. Based on an average daily trading volume, of 34,993 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.

Julong Price Performance

NASDAQ JLHL traded up $7.47 during trading on Wednesday, hitting $31.42. 19,728 shares of the stock traded hands, compared to its average volume of 98,024. The company has a 50-day moving average of $18.03. Julong has a 12-month low of $2.70 and a 12-month high of $57.95.

Julong (NASDAQ:JLHL) last released its quarterly earnings results on Friday, February 13th. The company reported $0.05 earnings per share for the quarter. The firm had revenue of $10.66 million for the quarter.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on JLHL shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Julong in a research report on Friday, May 29th. Wall Street Zen upgraded shares of Julong to a “hold” rating in a research report on Saturday, April 25th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Julong Company Profile

Our Mission We aspire to be a pioneer and a leader in China’s intelligent integrated solutions industry that exceed customers’ expectations, embrace innovation, invest in technologies and effect improvements in the industry. Our Values The following core values are fundamental to the way we operate our business: . Higher Quality. We pursue the highest industry standards by enriching our solution offerings, improving service quality, and enhancing operational efficiency. . Newer Technology. We maintain a relentless focus on technological innovations, continuously invest in research and development, and provide customers with the most up-to-date technological solutions.