JFB Construction Holding (NASDAQ:JFB) Short Interest Update

JFB Construction Holding (NASDAQ:JFB) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 47,533 shares, an increase of 67.5% from the November 30th total of 28,384 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average trading volume of 63,893 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 63,893 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.5% of the company’s stock are short sold.

JFB Construction Stock Performance

Shares of JFB stock traded up $1.37 during mid-day trading on Friday, hitting $15.47. 93,739 shares of the stock were exchanged, compared to its average volume of 75,779. JFB Construction has a 52-week low of $3.39 and a 52-week high of $23.00. The stock’s fifty day moving average price is $16.29. The company has a market capitalization of $146.97 million and a P/E ratio of -41.81.

JFB Construction (NASDAQ:JFB) last issued its quarterly earnings results on Friday, November 14th. The company reported ($0.11) earnings per share (EPS) for the quarter. JFB Construction had a negative return on equity of 31.22% and a negative net margin of 14.07%.The business had revenue of $4.98 million for the quarter.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on JFB. Weiss Ratings reissued a “sell (d-)” rating on shares of JFB Construction in a report on Monday, December 22nd. Wall Street Zen lowered shares of JFB Construction from a “hold” rating to a “sell” rating in a research report on Saturday, December 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Insider Buying and Selling

In other JFB Construction news, CEO Joseph Frank Basile III acquired 5,900 shares of the firm’s stock in a transaction dated Monday, December 8th. The stock was purchased at an average price of $16.79 per share, for a total transaction of $99,061.00. Following the acquisition, the chief executive officer owned 430,900 shares in the company, valued at approximately $7,234,811. This trade represents a 1.39% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ruben Calderon acquired 1,550 shares of the stock in a transaction dated Wednesday, December 10th. The stock was acquired at an average cost of $18.72 per share, with a total value of $29,016.00. Following the transaction, the chief financial officer directly owned 26,550 shares in the company, valued at approximately $497,016. This represents a 6.20% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure.

Hedge Funds Weigh In On JFB Construction

An institutional investor recently bought a new position in JFB Construction stock. Nomura Holdings Inc. purchased a new position in JFB Construction Holding (NASDAQ:JFB) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 20,000 shares of the company’s stock, valued at approximately $258,000. Nomura Holdings Inc. owned about 0.21% of JFB Construction at the end of the most recent reporting period.

About JFB Construction

JFB is a commercial and residential real estate construction and development company. The Company’s management is dedicated to delivering high-quality services to commercial and residential markets, such as retail corporate buildouts, multifamily community developments and luxury residential homes, with a focus on fostering long-term relationships with clients, partners, and communities. Our comprehensive suite of services encompasses everything from initial project planning and design to the final stages of construction and project management.