Julong Holding Ltd (NASDAQ:JLHL) Short Interest Down 72.3% in August

Julong Holding Ltd (NASDAQ:JLHL) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 69,829 shares, a decline of 72.3% from the July 30th total of 251,866 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,541,680 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Julong from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Julong Stock Performance

NASDAQ JLHL traded up $0.26 on Thursday, hitting $6.57. The company’s stock had a trading volume of 105,855 shares, compared to its average volume of 1,101,248. The stock’s 50-day simple moving average is $10.08. Julong has a 1-year low of $2.70 and a 1-year high of $57.95.

Julong (NASDAQ:JLHL) last issued its quarterly earnings results on Wednesday, August 19th. The company reported $0.04 EPS for the quarter. The business had revenue of $9.01 million for the quarter.

About Julong

Our Mission We aspire to be a pioneer and a leader in China’s intelligent integrated solutions industry that exceed customers’ expectations, embrace innovation, invest in technologies and effect improvements in the industry. Our Values The following core values are fundamental to the way we operate our business: . Higher Quality. We pursue the highest industry standards by enriching our solution offerings, improving service quality, and enhancing operational efficiency. . Newer Technology. We maintain a relentless focus on technological innovations, continuously invest in research and development, and provide customers with the most up-to-date technological solutions.