Aurora Mobile Limited (NASDAQ:JG) Short Interest Up 17.9% in March

Aurora Mobile Limited (NASDAQ:JG) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 9,900 shares, a growth of 17.9% from the February 29th total of 8,400 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 23,000 shares, the days-to-cover ratio is currently 0.4 days.

Aurora Mobile Stock Performance

Shares of NASDAQ JG opened at $3.47 on Tuesday. Aurora Mobile has a fifty-two week low of $1.85 and a fifty-two week high of $11.99. The stock has a market cap of $20.77 million, a price-to-earnings ratio of -2.17 and a beta of 0.95. The firm’s 50-day simple moving average is $3.30 and its 200 day simple moving average is $2.81.

Hedge Funds Weigh In On Aurora Mobile

Several large investors have recently added to or reduced their stakes in JG. UBS Group AG increased its stake in Aurora Mobile by 2,928.7% in the 1st quarter. UBS Group AG now owns 137,987 shares of the company’s stock valued at $152,000 after buying an additional 133,431 shares during the last quarter. Renaissance Technologies LLC increased its stake in Aurora Mobile by 70.9% in the 2nd quarter. Renaissance Technologies LLC now owns 120,306 shares of the company’s stock valued at $128,000 after buying an additional 49,906 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in Aurora Mobile in the 4th quarter valued at about $60,000. Finally, Virtu Financial LLC purchased a new stake in Aurora Mobile in the 2nd quarter valued at about $44,000. Institutional investors own 85.47% of the company’s stock.

Analysts Set New Price Targets

Separately, Alliance Global Partners raised shares of Aurora Mobile from a “neutral” rating to a “buy” rating and set a $7.00 price objective on the stock in a research report on Tuesday, March 12th.

Aurora Mobile Company Profile

Aurora Mobile Limited, through its subsidiaries, provides a range of developer services in China. The company provides push notification, instant messaging, analytics, sharing and short message service, one-click verification, and other services. The company offers real-time market intelligence solutions, such as product iApp, which provides analysis and statistical results on the usage and trends of mobile apps to investment funds and corporations.