Jayud Global Logistics Limited (NASDAQ:JYD) Sees Significant Drop in Short Interest

Jayud Global Logistics Limited (NASDAQ:JYD) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 44,114 shares, a decline of 66.0% from the May 31st total of 129,880 shares. Approximately 1.3% of the company’s stock are sold short. Based on an average daily volume of 413,210 shares, the short-interest ratio is presently 0.1 days.

Jayud Global Logistics Price Performance

NASDAQ JYD traded up $0.04 during trading hours on Friday, hitting $0.95. The company’s stock had a trading volume of 72,874 shares, compared to its average volume of 399,792. Jayud Global Logistics has a 12 month low of $0.47 and a 12 month high of $12.64. The company’s 50 day simple moving average is $2.40 and its two-hundred day simple moving average is $3.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.51 and a quick ratio of 1.51.

Jayud Global Logistics (NASDAQ:JYD) last announced its quarterly earnings results on Monday, April 20th. The company reported ($1.12) earnings per share (EPS) for the quarter. The firm had revenue of $23.35 million for the quarter.

Institutional Investors Weigh In On Jayud Global Logistics

A hedge fund recently bought a new position in Jayud Global Logistics stock. Citadel Advisors LLC acquired a new position in Jayud Global Logistics Limited (NASDAQ:JYD) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 196,915 shares of the company’s stock, valued at approximately $27,000. Citadel Advisors LLC owned 7.21% of Jayud Global Logistics as of its most recent SEC filing. Hedge funds and other institutional investors own 67.92% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Jayud Global Logistics from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

About Jayud Global Logistics

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.