Jin Medical International Ltd. (NASDAQ:ZJYL) Short Interest Down 96.7% in March

Jin Medical International Ltd. (NASDAQ:ZJYL) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 9,001 shares, a decline of 96.7% from the March 15th total of 275,096 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 37,839 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Jin Medical International from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, January 16th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Jin Medical International Stock Performance

ZJYL opened at $2.31 on Friday. The business has a fifty day moving average of $2.52 and a 200 day moving average of $4.59. Jin Medical International has a 52-week low of $1.64 and a 52-week high of $19.70.

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.