JFB Construction Holding (NASDAQ:JFB) Sees Significant Drop in Short Interest

JFB Construction Holding (NASDAQ:JFB) was the recipient of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 34,800 shares, a decline of 25.1% from the January 15th total of 46,472 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 48,643 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 48,643 shares, the short-interest ratio is currently 0.7 days. Currently, 0.4% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JFB Construction in a research note on Monday, December 29th. Wall Street Zen upgraded JFB Construction from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Insider Buying and Selling

In other news, CFO Ruben Calderon purchased 1,550 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were acquired at an average price of $18.72 per share, with a total value of $29,016.00. Following the completion of the transaction, the chief financial officer owned 26,550 shares of the company’s stock, valued at $497,016. The trade was a 6.20% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joseph Frank Basile III purchased 5,900 shares of the firm’s stock in a transaction on Monday, December 8th. The shares were acquired at an average price of $16.79 per share, with a total value of $99,061.00. Following the completion of 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 disclosure for this purchase is available in the SEC filing.

Institutional Investors Weigh In On JFB Construction

Hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of JFB Construction by 21.1% during the fourth quarter. Geode Capital Management LLC now owns 12,434 shares of the company’s stock worth $182,000 after purchasing an additional 2,168 shares during the period. Yorkville Advisors Global LP bought a new stake in JFB Construction during the 3rd quarter valued at $258,000. Nomura Holdings Inc. bought a new stake in JFB Construction during the 3rd quarter valued at $258,000. Finally, Marshall Wace LLP acquired a new position in JFB Construction during the fourth quarter worth $604,000.

JFB Construction Trading Up 6.2%

Shares of JFB stock traded up $1.74 on Friday, reaching $29.87. 55,769 shares of the company were exchanged, compared to its average volume of 67,978. The stock has a market capitalization of $283.77 million and a P/E ratio of -80.73. The firm has a 50-day simple moving average of $20.31. JFB Construction has a one year low of $3.39 and a one year high of $34.65.

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

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.