Jayud Global Logistics Limited (NASDAQ:JYD) Short Interest Update

Jayud Global Logistics Limited (NASDAQ:JYD) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 29,350 shares, a drop of 57.8% from the June 30th total of 69,556 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average trading volume of 64,295 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Jayud Global Logistics from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 19th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Jayud Global Logistics has a consensus rating of “Sell”.

Jayud Global Logistics Stock Performance

NASDAQ JYD opened at $0.93 on Monday. The company has a fifty day simple moving average of $0.91 and a two-hundred day simple moving average of $2.52. Jayud Global Logistics has a 12-month low of $0.47 and a 12-month high of $11.72. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.04.

Hedge Funds Weigh In On Jayud Global Logistics

A hedge fund recently bought a new position in Jayud Global Logistics stock. Citadel Advisors LLC purchased a new position in shares of Jayud Global Logistics Limited (NASDAQ:JYD) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 196,915 shares of the company’s stock, valued at approximately $27,000. Citadel Advisors LLC owned 7.21% of Jayud Global Logistics as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 67.92% of the company’s stock.

About Jayud Global Logistics

Jayud Global Logistics Co, Ltd. is a China-based integrated supply chain service provider that offers a broad range of logistics solutions to multinational and domestic customers. The company’s core business encompasses international freight forwarding by sea, air, rail and road, as well as customs brokerage, warehousing, distribution and value-added services. Jayud Global Logistics leverages its vertically integrated network to deliver end-to-end visibility and control across the shipping process, aiming to streamline operations and reduce transit times for shippers in diverse industries.

In the area of freight forwarding, Jayud Global Logistics manages shipments of general and specialized cargo, including temperature-sensitive products, hazardous materials and oversized equipment.