J-Star Holding Co., Ltd (NASDAQ:YMAT) Sees Large Drop in Short Interest

J-Star Holding Co., Ltd (NASDAQ:YMATGet Free Report) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 72,997 shares, a decrease of 65.1% from the June 30th total of 208,890 shares. Based on an average daily trading volume, of 884,583 shares, the days-to-cover ratio is presently 0.1 days. Currently, 2.3% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on YMAT. Weiss Ratings downgraded shares of J-Star from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, July 9th. Wall Street Zen raised J-Star to a “hold” rating in a research note on Saturday, June 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

View Our Latest Report on YMAT

Institutional Investors Weigh In On J-Star

An institutional investor recently bought a new position in J-Star stock. Citadel Advisors LLC purchased a new position in J-Star Holding Co., Ltd (NASDAQ:YMATFree Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 68,530 shares of the company’s stock, valued at approximately $82,000. Citadel Advisors LLC owned about 0.40% of J-Star as of its most recent SEC filing.

J-Star Trading Down 1.1%

J-Star stock opened at $1.80 on Tuesday. J-Star has a 52 week low of $1.18 and a 52 week high of $32.25. The firm’s 50-day simple moving average is $3.21 and its 200 day simple moving average is $2.56.

J-Star (NASDAQ:YMATGet Free Report) last posted its earnings results on Thursday, April 30th. The company reported ($3.08) earnings per share for the quarter. The business had revenue of ($0.33) million for the quarter.

About J-Star

(Get Free Report)

J-Star Holding Co, Ltd. is a provider of carbon fiber and composite solutions across a wide range of applications including personal sports equipment, healthcare products, automobile parts, resin systems, and research and development services. J-Star Holding Co, Ltd. is based in TAICHUNG CITY, Taiwan.

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