It Seems Jason Industries Inc (NASDAQ:JASN) Will Go Down. Just Reported More Shorted Shares

The stock of Jason Industries Inc (NASDAQ:JASN) registered an increase of 11.91% in short interest. JASN’s total short interest was 920,600 shares in October as published by FINRA. Its up 11.91% from 822,600 shares, reported previously. With 89,700 shares average volume, it will take short sellers 10 days to cover their JASN’s short positions. The short interest to Jason Industries Inc’s float is 4.24%.

The stock increased 2.71% or $0.0076 during the last trading session, reaching $0.2879. About 43,377 shares traded. Jason Industries, Inc. (NASDAQ:JASN) has declined 78.67% since October 12, 2018 and is downtrending. It has underperformed by 78.67% the S&P500.

Jason Industries, Inc., together with its subsidiaries, engages in the manufacture of seating, finishing, acoustics, and components in the United States and internationally. The company has market cap of $8.10 million. It produces finishing products, such as industrial brushes, buffing wheels, and buffing compounds for use in various industrial and infrastructure applications; and supplies seating solutions to equipment manufacturers in the motorcycle, lawn and turf care, industrial, agricultural, construction, and power sports end markets, as well as original equipment maker seating for the heavyweight motorcycles. It currently has negative earnings. The firm also makes engineered non-woven and fiber acoustical products for the auto industry; and makes stamped, formed, expanded and perforated metal components, and subassemblies for rail and filtration applications, outdoor power equipment, small gas engines, and smart utility meters.

More notable recent Jason Industries, Inc. (NASDAQ:JASN) news were published by: Finance.Yahoo.com which released: “Is Avnet, Inc. (NASDAQ:AVT) Excessively Paying Its CEO? – Yahoo Finance” on May 16, 2019, also Seekingalpha.com with their article: “Waving The White Flag On Exela – Seeking Alpha” published on October 09, 2019, Globenewswire.com published: “Kevin M. Kuznicki Named Jason’s General Counsel – GlobeNewswire” on April 04, 2018. More interesting news about Jason Industries, Inc. (NASDAQ:JASN) were released by: Finance.Yahoo.com and their article: “Jason Industries Announces Extension of Revolving Credit Facility – Yahoo Finance” published on June 28, 2019 as well as Benzinga.com‘s news article titled: “Sealed Air CFO Terminated For Cause Amid SEC Investigation – Benzinga” with publication date: June 25, 2019.

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