Jayud Global Logistics Limited (NASDAQ:JYD) Short Interest Update

Jayud Global Logistics Limited (NASDAQ:JYD) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 32,684 shares, a decline of 49.3% from the August 15th total of 64,413 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 89,754 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Jayud Global Logistics

A hedge fund recently bought a new position in Jayud Global Logistics stock. Renaissance Technologies LLC bought a new position in shares of Jayud Global Logistics Limited (NASDAQ:JYD) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 13,400 shares of the company’s stock, valued at approximately $40,000. Renaissance Technologies LLC owned 0.41% of Jayud Global Logistics at the end of the most recent quarter. 67.92% of the stock is currently owned by institutional investors and hedge funds.

Jayud Global Logistics Trading Up 2.8%

Shares of JYD traded up $0.02 during trading hours on Wednesday, hitting $0.75. The company had a trading volume of 43,881 shares, compared to its average volume of 117,948. The business has a fifty day moving average of $0.87 and a 200-day moving average of $1.89. Jayud Global Logistics has a 12 month low of $0.47 and a 12 month high of $9.93. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.51 and a quick ratio of 1.51.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jayud Global Logistics in a research report on Friday, August 14th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Jayud Global Logistics Company Profile

Jayud Global Logistics Co, Ltd. is a China-based integrated supply chain service provider that offers a broad range of logistics solutions to multinational and domestic customers. The company’s core business encompasses international freight forwarding by sea, air, rail and road, as well as customs brokerage, warehousing, distribution and value-added services. Jayud Global Logistics leverages its vertically integrated network to deliver end-to-end visibility and control across the shipping process, aiming to streamline operations and reduce transit times for shippers in diverse industries.

In the area of freight forwarding, Jayud Global Logistics manages shipments of general and specialized cargo, including temperature-sensitive products, hazardous materials and oversized equipment.