Short Interest in JBDI Holdings Limited (NASDAQ:JBDI) Drops By 66.0%

JBDI Holdings Limited (NASDAQ:JBDI) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 2,428 shares, a drop of 66.0% from the November 30th total of 7,149 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 16,432 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 16,432 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

JBDI Stock Down 4.7%

JBDI traded down $0.04 on Friday, reaching $0.85. The stock had a trading volume of 10,019 shares, compared to its average volume of 91,596. JBDI has a 12-month low of $0.49 and a 12-month high of $3.00. The company has a quick ratio of 3.00, a current ratio of 3.18 and a debt-to-equity ratio of 0.26. The business’s 50-day moving average price is $1.07 and its two-hundred day moving average price is $1.20.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of JBDI in a report on Friday, October 31st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

About JBDI

JBDI Holdings Limited engages in the trading of reconditioned and recycling containers in Singapore and the Southeast Asia region. The company offers reconditioning and recycling drums, including open top drums, metal drums, plastic drums, plastic carboys, and intermediate bulk containers, as well as new drums, and collects waste drums and related products. It serves solvent, chemical, petroleum, and edible product oil industries. The company was founded in 1983 and is based in Singapore. JBDI Holdings Limited operates as a subsidiary of E U Holdings Pte.