Kingold Jewelry Inc. (NASDAQ:KGJI) Traded Higher Than Its 50 Day Average


Company shares last traded at $2.18 a tad above $1.98, the stock’s 50 day moving average and significantly higher than the 200 day moving average of $1.74. The 50 day moving average was up by +9.848% and the 200 day average was up $0.44. Kingold Jewelry Inc. shares had a trading volume of 19K by the end of trading on Tuesday. Shares saw a steep decrease in trading volume of 85.39% under the normal average daily volume.

Investors are more bullish on Kingold Jewelry Inc. of late as indicated by the change in short interest. The company experienced a fall in short interest of -18.55% as of the latest report on September 29, 2017. Short shares fell 170,070 over that timeframe. Days to cover decreased from 8.0 to 4.0 and the percentage of shorted shares is 0.01% as of September 29.

The following firms have recently changed their position in KGJI. As of the end of the quarter Ifp Advisors, Inc had bought 15,000 shares growing its stake by 300.0%. The value of the investment in (KGJI) increased from $11,000 to $33,000 a change of $22,000 quarter over quarter. Jpmorgan Chase & Co cut its investment by selling 8,930 shares a decrease of 90.8% in the quarter. Jpmorgan Chase & Co owns 902 shares valued at $1,000. The total value of its holdings decreased 95.5%.

Kcg Holdings, Inc. expanded its ownership by buying 5,048 shares an increase of 30.6% from 03/31/2017 to 06/30/2017. Kcg Holdings, Inc. currently owns 21,538 shares worth $36,000. The value of the position overall is up by 80.0%. As of quarter end Sheaff Brock Investment Advisors, LLC had disposed of a total of 200 shares trimming its position 1.2%. The value of the investment in Kingold Jewelry Inc. went from $20,000 to $28,000 increasing 40.0% since the last quarter.

The P/E ratio is 3.227 and the market cap is 143.59M.

Kingold Jewelry, Inc., launched on October 5, 1995, designs and manufactures 24-karat gold jewelry and Chinese ornaments, through a variable interest entity relationship with Wuhan Kingold Jewelry Company Limited (Wuhan Kingold). The Company develops, promotes and sells a range of products to the jewelry market across the People’s Republic of China (PRC)..