JFB Construction Holding (NASDAQ:JFB) Short Interest Up 100.7% in February

JFB Construction Holding (NASDAQ:JFB) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 129,191 shares, a growth of 100.7% from the February 12th total of 64,374 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average daily volume of 321,993 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 321,993 shares, the days-to-cover ratio is currently 0.4 days. Approximately 1.4% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

JFB has been the topic of a number of recent research reports. Wall Street Zen raised shares of JFB Construction from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of JFB Construction in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

JFB Construction Trading Down 0.8%

Shares of JFB stock traded down $0.14 during trading hours on Thursday, reaching $17.92. The company had a trading volume of 132,177 shares, compared to its average volume of 133,193. The company has a market capitalization of $125.62 million and a P/E ratio of -48.43. JFB Construction has a 12 month low of $3.54 and a 12 month high of $35.10. The firm has a fifty day moving average of $21.70.

JFB Construction shares are going to split on Friday, March 20th. The 2-1 split was recently announced. The newly minted shares will be payable to shareholders after the closing bell on Thursday, March 19th.

Hedge Funds Weigh In On JFB Construction

A number of hedge funds have recently bought and sold shares of the company. Marshall Wace LLP purchased a new position in JFB Construction during the 4th quarter worth $604,000. 683 Capital Management LLC purchased a new stake in shares of JFB Construction in the fourth quarter valued at about $389,000. Yorkville Advisors Global LP bought a new position in shares of JFB Construction during the third quarter valued at about $258,000. Nomura Holdings Inc. bought a new position in shares of JFB Construction during the third quarter valued at about $258,000. Finally, Geode Capital Management LLC boosted its holdings in 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 purchasing an additional 2,168 shares during the last quarter.

About JFB Construction

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.