Short Interest in JBDI Holdings Limited (NASDAQ:JBDI) Drops By 25.8%

JBDI Holdings Limited (NASDAQ:JBDI) was the target of a large decrease in short interest in January. As of January 30th, there was short interest totaling 11,883 shares, a decrease of 25.8% from the January 15th total of 16,018 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 18,027 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 18,027 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.1% of the company’s stock are short sold.

JBDI Stock Performance

JBDI opened at $0.77 on Friday. JBDI has a 12-month low of $0.49 and a 12-month high of $3.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.46 and a quick ratio of 3.00. The business’s fifty day simple moving average is $0.78 and its 200-day simple moving average is $1.13.

JBDI (NASDAQ:JBDI) last released its earnings results on Friday, February 6th. The company reported $0.00 EPS for the quarter. The company had revenue of $2.04 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of JBDI in a research report on Friday, October 31st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, JBDI has a consensus rating of “Sell”.

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.