707 Cayman Holdings Limited (NASDAQ:JEM) Short Interest Up 41.0% in December

707 Cayman Holdings Limited (NASDAQ:JEM) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 53,567 shares, a growth of 41.0% from the November 30th total of 37,986 shares. Based on an average daily volume of 285,999 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are sold short. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 285,999 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of 707 Cayman in a research note on Monday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

707 Cayman Stock Performance

JEM traded down $0.01 on Tuesday, reaching $0.18. 323,284 shares of the company’s stock were exchanged, compared to its average volume of 216,370. 707 Cayman has a twelve month low of $0.17 and a twelve month high of $7.90. The company’s 50 day simple moving average is $0.26.

Institutional Trading of 707 Cayman

An institutional investor recently bought a new position in 707 Cayman stock. Geode Capital Management LLC purchased a new position in shares of 707 Cayman Holdings Limited (NASDAQ:JEM) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned approximately 0.06% of 707 Cayman as of its most recent filing with the SEC.

About 707 Cayman

We are a Hong Kong-based company that sells quality apparel products and provides supply chain management total solutions to our customers spanning from Western Europe, North America to the Middle East. We were founded in 2021 and became wholly-owned by Mr. Cheung, executive director and chief executive officer, in May 2022 and have grown, in a short period of time, building relationships with a diverse range of customers. Our customers include mid-size brand owners and apparel companies that have comprehensive operations with private labels that are sold worldwide.