J Alexanders Holdings Inc (NYSE:JAX) Short Interest Update
J Alexanders Holdings Inc (NYSE:JAX) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totalling 97,400 shares, a drop of 17.9% from the June 30th total of 118,700 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 35,200 shares, the days-to-cover ratio is currently 2.8 days.
Shares of NYSE:JAX traded up $0.04 during mid-day trading on Thursday, reaching $11.38. 74,000 shares of the stock were exchanged, compared to its average volume of 45,825. The company has a quick ratio of 0.39, a current ratio of 0.48 and a debt-to-equity ratio of 0.67. The company has a market cap of $165.17 million, a P/E ratio of 18.97 and a beta of 0.77. J Alexanders has a one year low of $7.70 and a one year high of $13.40. The stock’s 50 day simple moving average is $10.95 and its 200-day simple moving average is $10.39.
J Alexanders (NYSE:JAX) last posted its quarterly earnings data on Friday, August 9th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). The firm had revenue of $62.23 million for the quarter. J Alexanders had a return on equity of 8.50% and a net margin of 2.56%. Analysts anticipate that J Alexanders will post 0.7 EPS for the current fiscal year.
Separately, Zacks Investment Research downgraded J Alexanders from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th.
About J Alexanders
J. Alexander's Holdings, Inc, through its subsidiaries, owns and operates complementary upscale dining restaurants in the United States. It operates restaurants under various concepts, including J. Alexander's, Redlands Grill, Lyndhurst Grill, Overland Park Grill, and River Steakhouse and Grill.
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