Jewett-Cameron Trading Company (NASDAQ:JCTC) Short Interest Up 139.7% in July

Jewett-Cameron Trading Company (NASDAQ:JCTC) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 17,213 shares, an increase of 139.7% from the June 30th total of 7,180 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 27,582 shares, the days-to-cover ratio is currently 0.6 days.

Insider Buying and Selling

In other news, major shareholder Community Foundation Oregon sold 18,267 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $2.50, for a total value of $45,667.50. Following the completion of the sale, the insider directly owned 745,267 shares of the company’s stock, valued at approximately $1,863,167.50. This represents a 2.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Melinda Hodges Bradley bought 17,500 shares of the stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average price of $2.38 per share, for a total transaction of $41,650.00. Following the completion of the transaction, the insider owned 371,007 shares of the company’s stock, valued at approximately $882,996.66. The trade was a 4.95% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have bought 66,299 shares of company stock worth $165,324 and have sold 25,000 shares worth $62,990. 1.33% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Jewett-Cameron Trading

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

Jewett-Cameron Trading Stock Up 1.6%

Shares of JCTC stock opened at $2.55 on Thursday. The stock has a market capitalization of $8.98 million, a PE ratio of -1.09 and a beta of 0.36. Jewett-Cameron Trading has a 52-week low of $1.54 and a 52-week high of $4.02. The stock’s 50-day moving average price is $2.32 and its 200 day moving average price is $2.03.

Jewett-Cameron Trading (NASDAQ:JCTC) last posted its quarterly earnings data on Tuesday, July 14th. The company reported ($0.23) EPS for the quarter. Jewett-Cameron Trading had a negative net margin of 20.94% and a negative return on equity of 38.35%. The company had revenue of $9.85 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Jewett-Cameron Trading from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, July 20th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus 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.