Short Interest in Jewett-Cameron Trading Company (NASDAQ:JCTC) Declines By 52.3%

Jewett-Cameron Trading Company (NASDAQ:JCTC) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totaling 9,903 shares, a drop of 52.3% from the December 31st total of 20,756 shares. Based on an average daily trading volume, of 17,135 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 17,135 shares, the days-to-cover ratio is presently 0.6 days.

Jewett-Cameron Trading Stock Performance

Shares of JCTC stock traded down $0.07 during trading on Friday, hitting $1.91. 9,536 shares of the company were exchanged, compared to its average volume of 29,492. The business’s 50-day simple moving average is $2.23 and its 200 day simple moving average is $2.99. Jewett-Cameron Trading has a twelve month low of $1.66 and a twelve month high of $4.92. The firm has a market capitalization of $6.72 million, a price-to-earnings ratio of -0.91 and a beta of 0.14.

Jewett-Cameron Trading (NASDAQ:JCTC) last posted its earnings results on Wednesday, January 14th. The company reported ($0.63) EPS for the quarter. Jewett-Cameron Trading had a negative return on equity of 26.93% and a negative net margin of 18.23%.The business had revenue of $8.65 million during the quarter.

Insider Activity at Jewett-Cameron Trading

In related news, major shareholder Community Foundation Oregon sold 14,797 shares of the firm’s stock in a transaction on Friday, December 26th. The shares were sold at an average price of $2.26, for a total transaction of $33,441.22. Following the completion of the sale, the insider directly owned 851,709 shares of the company’s stock, valued at approximately $1,924,862.34. This trade represents a 1.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders sold 56,325 shares of company stock worth $128,668. Company insiders own 1.26% of the company’s stock.

Institutional Investors Weigh In On Jewett-Cameron Trading

An institutional investor recently bought a new position in Jewett-Cameron Trading stock. Susquehanna International Group LLP bought a new position in Jewett-Cameron Trading Company (NASDAQ:JCTC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 15,917 shares of the company’s stock, valued at approximately $54,000. Susquehanna International Group LLP owned approximately 0.45% of Jewett-Cameron Trading at the end of the most recent reporting period. 26.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Jewett-Cameron Trading in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Jewett-Cameron Trading Company Profile

Jewett-Cameron Trading Company Ltd. is a supplier of `Value-added` building materials to major home improvement center chains in the western United States. The Company concentrates on the residential repair and remodeling segment of the building materials industry.