China Finance Online Co. Limited (NASDAQ:JRJC) saw a large decrease in short interest during the month of August. As of August 13th, there was short interest totalling 20,500 shares, a decrease of 21.5% from the July 29th total of 26,100 shares. Approximately 4.7% of the shares of the stock are sold short. Based on an average trading volume of 75,000 shares, the short-interest ratio is presently 0.3 days.
A hedge fund recently raised its stake in China Finance Online stock. Morgan Stanley grew its holdings in China Finance Online Co. Limited (NASDAQ:JRJC) by 4.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 119,132 shares of the financial services provider’s stock after purchasing an additional 4,555 shares during the period. Morgan Stanley owned approximately 4.88% of China Finance Online worth $1,236,000 as of its most recent SEC filing. Institutional investors own 5.35% of the company’s stock.
Get China Finance Online alerts: Shares of JRJC traded down $0.02 during mid-day trading on Wednesday, reaching $4.53. The company’s stock had a trading volume of 10,497 shares, compared to its average volume of 81,238. The business has a fifty day moving average of $8.17 and a 200 day moving average of $10.12. The company has a market cap of $11.06 million, a price-to-earnings ratio of -0.99 and a beta of 1.55. China Finance Online has a 1 year low of $3.52 and a 1 year high of $17.90. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.69.
About China Finance Online
China Finance Online Co, Ltd. is a web-based financial services company, which engages in the provision of online access to securities trading services, wealth management products, investment advisory services, as well as financial database and analytics services to institutional customers. It operates through the following segments: Financial Services and Hong Kong Brokerage Services.
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