Short Interest in JFB Construction Holding (NASDAQ:JFB) Grows By 85.0%

JFB Construction Holding (NASDAQ:JFB) was the recipient of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 64,374 shares, an increase of 85.0% from the January 29th total of 34,800 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 91,719 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 91,719 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.7% of the company’s shares are short sold.

JFB Construction Price Performance

JFB traded down $0.49 during trading on Friday, hitting $15.17. The company had a trading volume of 91,418 shares, compared to its average volume of 197,261. The stock has a market capitalization of $144.12 million and a P/E ratio of -41.00. JFB Construction has a one year low of $3.39 and a one year high of $35.10. The stock has a 50-day moving average of $21.09.

Insider Activity

In other JFB Construction news, CEO Joseph Frank Basile III acquired 5,900 shares of JFB Construction stock in a transaction on Monday, December 8th. The shares were purchased at an average cost of $16.79 per share, with a total value of $99,061.00. Following the completion of the purchase, the chief executive officer owned 430,900 shares in the company, valued at $7,234,811. The trade was a 1.39% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Ruben Calderon bought 1,550 shares of the stock in a transaction on Wednesday, December 10th. The shares were acquired at an average cost of $18.72 per share, with a total value of $29,016.00. Following the acquisition, the chief financial officer directly owned 26,550 shares in the company, valued at approximately $497,016. This trade represents a 6.20% increase in their position. The disclosure for this purchase is available in the SEC filing.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in shares of JFB Construction by 21.1% during the fourth quarter. Geode Capital Management LLC now owns 12,434 shares of the company’s stock worth $182,000 after buying an additional 2,168 shares in the last quarter. Yorkville Advisors Global LP acquired a new position in JFB Construction during the 3rd quarter worth approximately $258,000. Nomura Holdings Inc. acquired a new position in JFB Construction during the 3rd quarter worth approximately $258,000. 683 Capital Management LLC bought a new position in shares of JFB Construction during the 4th quarter worth approximately $389,000. Finally, Marshall Wace LLP acquired a new stake in shares of JFB Construction in the fourth quarter valued at approximately $604,000.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of JFB Construction from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JFB Construction in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, JFB Construction has a consensus rating of “Sell”.

JFB Construction Company Profile

JFB is a commercial and residential real estate construction and development company. The Company’s management is dedicated to delivering high-quality services to commercial and residential markets, such as retail corporate buildouts, multifamily community developments and luxury residential homes, with a focus on fostering long-term relationships with clients, partners, and communities. Our comprehensive suite of services encompasses everything from initial project planning and design to the final stages of construction and project management.