JBDI Holdings Limited (NASDAQ:JBDI) Short Interest Update

JBDI Holdings Limited (NASDAQ:JBDI) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 40,057 shares, a growth of 596.5% from the July 15th total of 5,751 shares. Based on an average daily volume of 81,088 shares, the short-interest ratio is currently 0.5 days. Currently, 0.4% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of JBDI from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

JBDI Stock Performance

Shares of JBDI stock traded down $0.04 during trading hours on Wednesday, hitting $1.32. 4,052 shares of the company’s stock were exchanged, compared to its average volume of 134,288. The stock’s 50-day moving average is $1.19 and its 200-day moving average is $1.28. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.46 and a quick ratio of 4.19. JBDI has a 52 week low of $0.78 and a 52 week high of $6.00.

About JBDI

JBDI Holdings Limited engages in the trading of reconditioned and recycling containers in Singapore and the Southeast Asia region. The company offers reconditioning and recycling drums, including open top drums, metal drums, plastic drums, plastic carboys, and intermediate bulk containers, as well as new drums, and collects waste drums and related products. It serves solvent, chemical, petroleum, and edible product oil industries. The company was founded in 1983 and is based in Singapore. JBDI Holdings Limited operates as a subsidiary of E U Holdings Pte.