What’s Propelling Jason Industries Inc (NASDAQ:JASN) After Higher Shorts Reported?

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 September 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 decreased 3.74% or $0.0187 during the last trading session, reaching $0.4813. About 111,569 shares traded. Jason Industries, Inc. (NASDAQ:JASN) has declined 78.67% since September 13, 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 $13.53 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: Businesswire.com which released: “Jason Industries, Inc. Announces Board of Director Changes – Business Wire” on April 15, 2019, also Finance.Yahoo.com with their article: “These 4 Measures Indicate That Jason Industries (NASDAQ:JASN) Is Using Debt In A Risky Way – Yahoo Finance” published on August 05, 2019, Globenewswire.com published: “Jason Industries, Inc. Announces CFO Change Nasdaq:JASN – GlobeNewswire” on August 14, 2017. More interesting news about Jason Industries, Inc. (NASDAQ:JASN) were released by: Finance.Yahoo.com and their article: “Jason Industries Reports First Quarter 2019 Results – Yahoo Finance” published on May 02, 2019 as well as Seekingalpha.com‘s news article titled: “Jason Industries, Inc. (JASN) CEO Brian Kobylinski on Q2 2019 Results – Earnings Call Transcript – Seeking Alpha” with publication date: August 12, 2019.

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