Short Interest in Jin Medical International Ltd. (NASDAQ:ZJYL) Drops By 63.6%

Jin Medical International Ltd. (NASDAQ:ZJYL) saw a large decline in short interest in December. As of December 31st, there was short interest totaling 79,215 shares, a decline of 63.6% from the December 15th total of 217,828 shares. Based on an average daily trading volume, of 153,591 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 153,591 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Jin Medical International from a “sell (d)” rating to a “hold (c-)” rating in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Jin Medical International Stock Down 0.2%

NASDAQ:ZJYL opened at $0.25 on Tuesday. The business’s 50-day moving average price is $0.24 and its 200 day moving average price is $0.46. Jin Medical International has a 52-week low of $0.18 and a 52-week high of $1.12.

About Jin Medical International

Jin Medical International Ltd. engages in the design, development, manufacturing, and sale of wheelchair and other living aids products for people with disabilities or impaired mobility in China and internationally. It also offers oxygen concentrators and bathing machines. The company was founded in 2006 and is based in Changzhou, China. Jin Medical International Ltd. is a subsidiary of Jolly Harmony Enterprises Limited.