Short Interest in Jewett-Cameron Trading Company (NASDAQ:JCTC) Decreases By 25.2%

Jewett-Cameron Trading Company (NASDAQ:JCTC) saw a significant drop in short interest in April. As of April 15th, there was short interest totaling 13,342 shares, a drop of 25.2% from the March 31st total of 17,829 shares. Based on an average daily trading volume, of 18,826 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.4% of the shares of the company are sold short.

Insider Buying and Selling at Jewett-Cameron Trading

In other news, major shareholder Community Foundation Oregon sold 43,980 shares of Jewett-Cameron Trading stock in a transaction on Friday, February 20th. The stock was sold at an average price of $1.81, for a total transaction of $79,603.80. Following the completion of the sale, the insider owned 785,959 shares of the company’s stock, valued at approximately $1,422,585.79. This trade represents a 5.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 68,675 shares of company stock worth $123,882 over the last three months. 1.33% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of JCTC. Citadel Advisors LLC acquired a new position in Jewett-Cameron Trading in the third quarter valued at about $77,000. DRW Securities LLC acquired a new position in Jewett-Cameron Trading in the fourth quarter valued at about $44,000. Finally, Susquehanna International Group LLP acquired a new position in Jewett-Cameron Trading in the third quarter valued at about $54,000. Institutional investors and hedge funds own 26.05% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Jewett-Cameron Trading in a report on Friday, April 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Jewett-Cameron Trading Price Performance

JCTC stock remained flat at $1.97 during midday trading on Wednesday. The company had a trading volume of 120,836 shares, compared to its average volume of 22,760. The stock has a market capitalization of $6.93 million, a P/E ratio of -0.86 and a beta of 0.19. The company’s fifty day simple moving average is $1.78 and its 200 day simple moving average is $2.19. Jewett-Cameron Trading has a fifty-two week low of $1.54 and a fifty-two week high of $4.26.

Jewett-Cameron Trading (NASDAQ:JCTC) last posted its quarterly earnings results on Monday, April 13th. The company reported ($0.35) EPS for the quarter. The company had revenue of $10.54 million during the quarter. Jewett-Cameron Trading had a negative net margin of 19.19% and a negative return on equity of 33.33%.

About Jewett-Cameron Trading

Jewett-Cameron Trading Company Ltd. is a supplier of `Value-added` building materials to major home improvement center chains in the western United States. The Company concentrates on the residential repair and remodeling segment of the building materials industry.