Short Interest in Jin Medical International Ltd. (NASDAQ:ZJYL) Grows By 58.1%

Jin Medical International Ltd. (NASDAQ:ZJYL) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 275,096 shares, an increase of 58.1% from the February 26th total of 174,040 shares. Approximately 3.5% of the company’s stock are sold short. Based on an average daily trading volume, of 549,570 shares, the short-interest ratio is currently 0.5 days.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Jin Medical International from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Jin Medical International Price Performance

Jin Medical International stock opened at $1.92 on Friday. Jin Medical International has a one year low of $1.86 and a one year high of $19.70. The business’s fifty day moving average is $2.71 and its 200 day moving average is $5.38.

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.