707 Cayman Holdings Limited (NASDAQ:JEM) Sees Large Increase in Short Interest

707 Cayman Holdings Limited (NASDAQ:JEM) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 68,847 shares, an increase of 28.5% from the December 15th total of 53,567 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 315,009 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 315,009 shares, the short-interest ratio is presently 0.2 days. Currently, 0.3% of the company’s shares are sold short.

Hedge Funds Weigh In On 707 Cayman

An institutional investor recently bought a new position in 707 Cayman stock. Geode Capital Management LLC bought a new position in 707 Cayman Holdings Limited (NASDAQ:JEM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 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 Securities and Exchange Commission (SEC).

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of 707 Cayman in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

707 Cayman Stock Performance

Shares of NASDAQ:JEM traded up $0.00 during trading on Friday, reaching $0.18. 182,260 shares of the company were exchanged, compared to its average volume of 227,206. The business’s fifty day simple moving average is $0.23 and its 200-day simple moving average is $1.49. 707 Cayman has a 12-month low of $0.17 and a 12-month high of $7.90.

707 Cayman Company Profile

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.