Jin Medical International Ltd. (NASDAQ:ZJYL) Sees Significant Decrease in Short Interest

Jin Medical International Ltd. (NASDAQ:ZJYL) was the target of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 1,090,000 shares, a decline of 59.6% from the October 15th total of 2,700,000 shares. Approximately 2.9% of the shares of the company are short sold. Based on an average daily trading volume, of 279,000 shares, the days-to-cover ratio is currently 3.9 days.

Jin Medical International Stock Performance

Shares of ZJYL opened at $1.47 on Thursday. The stock’s 50-day moving average price is $2.43 and its 200-day moving average price is $2.84. Jin Medical International has a 52 week low of $0.45 and a 52 week high of $25.49.

Jin Medical International Company Profile

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.