Jewett-Cameron Trading Company (NASDAQ:JCTC) Sees Significant Drop in Short Interest

Jewett-Cameron Trading Company (NASDAQ:JCTC) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 21,645 shares, a decrease of 49.6% from the September 15th total of 42,952 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 6,971 shares, the days-to-cover ratio is currently 3.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings raised Jewett-Cameron Trading from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Jewett-Cameron Trading Price Performance

Shares of NASDAQ JCTC remained flat at $2.90 during midday trading on Wednesday. 1,378 shares of the stock were exchanged, compared to its average volume of 22,952. The business’s 50 day moving average is $2.95 and its 200-day moving average is $2.43. The stock has a market capitalization of $10.21 million, a P/E ratio of -1.23 and a beta of 0.42. Jewett-Cameron Trading has a 52 week low of $1.54 and a 52 week high of $3.42.

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

Insiders Place Their Bets

In related news, major shareholder Ajb Investment Fund Ii, Lp purchased 15,457 shares of Jewett-Cameron Trading stock in a transaction dated Thursday, August 13th. The shares were acquired at an average cost of $2.90 per share, for a total transaction of $44,825.30. Following the transaction, the insider directly owned 455,831 shares of the company’s stock, valued at approximately $1,321,909.90. This trade represents a 3.51% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Community Foundation Oregon sold 176,006 shares of the firm’s stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $1.85, for a total value of $325,611.10. Following the completion of the transaction, the insider owned 562,528 shares in the company, valued at $1,040,676.80. This represents a 23.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders bought 103,153 shares of company stock worth $296,341. 1.33% of the stock is currently owned by company insiders.

About Jewett-Cameron Trading

Jewett-Cameron Trading Company Ltd. (NASDAQ:JCTC) develops, manufactures and distributes products for outdoor living, animal management and related applications. Its offerings are designed for residential, agricultural, commercial and industrial customers and are sold through retail, wholesale and online distribution channels.

The company’s product portfolio includes fencing systems, gates, garden and landscaping products, tree supports, outdoor structures and animal-management products such as kennel panels and pet enclosures.