707 Cayman Holdings Limited (NASDAQ:JEM) Sees Significant Growth in Short Interest

707 Cayman Holdings Limited (NASDAQ:JEM) saw a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 134,139 shares, a growth of 280.1% from the January 15th total of 35,290 shares. Based on an average daily volume of 6,259,120 shares, the short-interest ratio is currently 0.0 days. Approximately 0.5% of the shares of the company are short sold. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 6,259,120 shares, the short-interest ratio is currently 0.0 days.

707 Cayman Price Performance

Shares of 707 Cayman stock traded down $0.01 during trading on Friday, hitting $0.12. 3,971,260 shares of the company’s stock traded hands, compared to its average volume of 3,458,643. 707 Cayman has a twelve month low of $0.11 and a twelve month high of $7.90. The firm’s fifty day moving average price is $0.19 and its 200 day moving average price is $1.03.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of 707 Cayman in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, 707 Cayman currently has a consensus rating of “Sell”.

Institutional Trading of 707 Cayman

An institutional investor recently bought a new position in 707 Cayman stock. Geode Capital Management LLC purchased a new stake in 707 Cayman Holdings Limited (NASDAQ:JEM) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned 0.06% of 707 Cayman at the end of the most recent reporting period.

707 Cayman Company Profile

We are a Hong Kong-based company that sells quality apparel products and provides supply chain management total solutions to our customers spanning from Western Europe, North America to the Middle East. We were founded in 2021 and became wholly-owned by Mr. Cheung, executive director and chief executive officer, in May 2022 and have grown, in a short period of time, building relationships with a diverse range of customers. Our customers include mid-size brand owners and apparel companies that have comprehensive operations with private labels that are sold worldwide.