J-Long Group Limited (NASDAQ:JL) Sees Significant Drop in Short Interest

J-Long Group Limited (NASDAQ:JL) was the target of a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 14,800 shares, a drop of 93.5% from the November 15th total of 226,800 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 160,300 shares, the days-to-cover ratio is presently 0.1 days.

J-Long Group Price Performance

Shares of JL traded down $0.03 during trading hours on Wednesday, hitting $3.10. 68,923 shares of the company were exchanged, compared to its average volume of 107,004. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.84 and a current ratio of 2.67. J-Long Group has a fifty-two week low of $2.33 and a fifty-two week high of $299.50. The firm’s fifty day moving average is $0.50 and its 200 day moving average is $0.47.

About J-Long Group

J-Long Group Limited distributes reflective and non-reflective garment trims in Asia, Hong Kong, the People's Republic of China, and internationally. The company offers heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pullers, and drawcords. It also sells through online.