Jewett-Cameron Trading Company (NASDAQ:JCTC) Sees Large Growth in Short Interest

Jewett-Cameron Trading Company (NASDAQ:JCTC) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 13,787 shares, a growth of 159.7% from the February 12th total of 5,309 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 25,454 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 25,454 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.4% of the shares of the stock are sold short.

Insider Transactions at Jewett-Cameron Trading

In other Jewett-Cameron Trading news, major shareholder Community Foundation Oregon sold 43,980 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $1.81, for a total value of $79,603.80. Following the sale, the insider directly owned 785,959 shares of the company’s stock, valued at approximately $1,422,585.79. This trade represents a 5.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 119,825 shares of company stock worth $239,971 in the last quarter. Corporate insiders own 1.33% of the company’s stock.

Hedge Funds Weigh In On Jewett-Cameron Trading

A number of institutional investors and hedge funds have recently bought and sold shares of JCTC. Citadel Advisors LLC purchased a new stake in Jewett-Cameron Trading during the 3rd quarter valued at about $77,000. Susquehanna International Group LLP purchased a new position in Jewett-Cameron Trading in the 3rd quarter worth approximately $54,000. Finally, DRW Securities LLC purchased a new position in Jewett-Cameron Trading in the 4th quarter worth approximately $44,000. 26.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Jewett-Cameron Trading in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Jewett-Cameron Trading has a consensus rating of “Sell”.

Jewett-Cameron Trading Trading Up 0.6%

JCTC stock traded up $0.01 during midday trading on Friday, reaching $1.79. The stock had a trading volume of 9,487 shares, compared to its average volume of 16,478. Jewett-Cameron Trading has a 52-week low of $1.64 and a 52-week high of $4.91. The company’s fifty day simple moving average is $1.96 and its 200 day simple moving average is $2.61. The company has a market cap of $6.30 million, a price-to-earnings ratio of -0.85 and a beta of 0.13.

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.