Short Interest in Jewett-Cameron Trading Company (NASDAQ:JCTC) Declines By 73.2%

Jewett-Cameron Trading Company (NASDAQ:JCTC) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 8,602 shares, a decline of 73.2% from the May 31st total of 32,040 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 27,500 shares, the short-interest ratio is presently 0.3 days.

Jewett-Cameron Trading Stock Up 5.5%

Jewett-Cameron Trading stock traded up $0.12 during trading hours on Monday, hitting $2.32. 8,594 shares of the company traded hands, compared to its average volume of 25,974. Jewett-Cameron Trading has a 1-year low of $1.54 and a 1-year high of $4.02. The firm has a market cap of $8.17 million, a P/E ratio of -1.01 and a beta of 0.39. The firm’s 50-day simple moving average is $2.05 and its two-hundred day simple moving average is $1.99.

Jewett-Cameron Trading (NASDAQ:JCTC) last posted its quarterly earnings data on Monday, April 13th. The company reported ($0.35) earnings per share (EPS) for the quarter. The company had revenue of $10.54 million during the quarter. Jewett-Cameron Trading had a negative net margin of 19.19% and a negative return on equity of 33.33%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Jewett-Cameron Trading from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, June 15th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Trading of Jewett-Cameron Trading

Several institutional investors have recently modified their holdings of JCTC. Citadel Advisors LLC acquired a new position in Jewett-Cameron Trading during the third quarter worth about $77,000. DRW Securities LLC acquired a new position in shares of Jewett-Cameron Trading in the 4th quarter worth approximately $44,000. Finally, Susquehanna International Group LLP acquired a new position in shares of Jewett-Cameron Trading in the 3rd quarter worth approximately $54,000. Institutional investors and hedge funds own 26.05% of the company’s stock.

About Jewett-Cameron Trading

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.