What’s Ahead for Jason Industries Inc (NASDAQ:JASN) After 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: Benzinga.com which released: “Sealed Air CFO Terminated For Cause Amid SEC Investigation – Benzinga” on June 25, 2019, also Businesswire.com with their article: “Jason Industries Announces Definitive Agreement to Sell Fiber Solutions Segment; Exploring Strategic Alternatives, Including a Potential Sale of the Company; Reports Second Quarter 2019 Results – Business Wire” published on August 12, 2019, Finance.Yahoo.com published: “Jason Industries Announces Extension of Revolving Credit Facility – Yahoo Finance” on June 28, 2019. More interesting news about Jason Industries, Inc. (NASDAQ:JASN) were released by: Finance.Yahoo.com and their article: “Introducing Steel Dynamics (NASDAQ:STLD), The Stock That Dropped 37% In The Last Year – Yahoo Finance” published on September 10, 2019 as well as Finance.Yahoo.com‘s news article titled: “MongoDB (MDB) Catches Eye: Stock Jumps 5.8% – Yahoo Finance” with publication date: September 05, 2019.

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