JE Cleantech Holdings Limited (NASDAQ:JCSE) Sees Large Drop in Short Interest

JE Cleantech Holdings Limited (NASDAQ:JCSE) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 21,125 shares, a decline of 61.7% from the April 15th total of 55,101 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average trading volume of 69,120 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of JE Cleantech in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

JE Cleantech Price Performance

Shares of NASDAQ:JCSE traded down $0.10 during midday trading on Thursday, reaching $1.30. The company had a trading volume of 21,958 shares, compared to its average volume of 1,103,561. The business’s 50 day moving average price is $1.17 and its 200 day moving average price is $1.23. JE Cleantech has a 1-year low of $0.77 and a 1-year high of $2.50.

JE Cleantech (NASDAQ:JCSE) last released its quarterly earnings data on Friday, May 8th. The company reported $0.30 EPS for the quarter. The company had revenue of $5.33 million during the quarter.

JE Cleantech Company Profile

JE Cleantech Holdings Ltd. is an Israel-based environmental technology firm specializing in advanced water and wastewater treatment solutions. The company designs, manufactures and markets a suite of modular treatment systems that integrate proprietary membrane filtration, advanced oxidation processes, biological treatment and customized chemical formulations. Its offerings address water purification, recycling and process water challenges across municipal, industrial and agricultural end markets.

Through a combination of standardized equipment platforms and bespoke engineering services, JE Cleantech helps clients meet stringent regulatory requirements, reduce freshwater intake and lower overall treatment costs.