J-Star Holding Co., Ltd (NASDAQ:YMAT) Sees Large Decline in Short Interest

J-Star Holding Co., Ltd (NASDAQ:YMAT) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 28,054 shares, a decrease of 41.2% from the March 15th total of 47,715 shares. Based on an average daily volume of 48,423 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e-)” rating on shares of J-Star in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, J-Star presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On J-Star

A hedge fund recently bought a new stake in J-Star stock. Citadel Advisors LLC acquired a new stake in J-Star Holding Co., Ltd (NASDAQ:YMAT) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 68,530 shares of the company’s stock, valued at approximately $82,000. Citadel Advisors LLC owned about 0.40% of J-Star as of its most recent filing with the Securities and Exchange Commission (SEC).

J-Star Trading Up 4.8%

J-Star stock opened at $0.33 on Monday. The business’s 50-day simple moving average is $0.38 and its 200 day simple moving average is $0.65. J-Star has a 12-month low of $0.28 and a 12-month high of $6.45.

About J-Star

J-Star Holding Co, Ltd. is a provider of carbon fiber and composite solutions across a wide range of applications including personal sports equipment, healthcare products, automobile parts, resin systems, and research and development services. J-Star Holding Co, Ltd. is based in TAICHUNG CITY, Taiwan.