707 Cayman Holdings Limited (NASDAQ:JEM) Short Interest Down 77.9% in August

707 Cayman Holdings Limited (NASDAQ:JEM) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 15,179 shares, a decline of 77.9% from the July 30th total of 68,740 shares. Currently, 2.3% of the company’s stock are short sold. Based on an average trading volume of 58,774 shares, the short-interest ratio is presently 0.3 days.

Insider Buying and Selling at 707 Cayman

In related news, major shareholder Financial Lp Hrt sold 4,034 shares of the firm’s stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $7.20, for a total transaction of $29,044.80. Following the sale, the insider owned 11,500 shares of the company’s stock, valued at $82,800. This trade represents a 25.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders acquired 147,842 shares of company stock worth $456,127 and sold 61,812 shares worth $185,017.

Hedge Funds Weigh In On 707 Cayman

A hedge fund recently bought a new position in 707 Cayman stock. Geode Capital Management LLC bought a new position in 707 Cayman Holdings Limited (NASDAQ:JEM) in the second quarter, according to its most recent filing with the SEC. The firm bought 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned approximately 0.06% of 707 Cayman as of its most recent SEC filing.

707 Cayman Stock Down 2.1%

Shares of 707 Cayman stock traded down $0.10 during trading on Friday, reaching $4.60. The company’s stock had a trading volume of 105,812 shares, compared to its average volume of 594,899. 707 Cayman has a 1-year low of $3.40 and a 1-year high of $885.60. The company has a 50-day simple moving average of $11.38 and a two-hundred day simple moving average of $18.26.

707 Cayman (NASDAQ:JEM) last announced its earnings results on Monday, August 10th. The company reported ($41.30) earnings per share (EPS) for the quarter. The company had revenue of $2.22 million during the quarter.

Wall Street Analysts Forecast Growth

Several analysts have commented on JEM shares. Weiss Ratings lowered shares of 707 Cayman from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, August 21st. Wall Street Zen upgraded shares of 707 Cayman to a “hold” rating in a research note on Saturday, July 25th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, 707 Cayman currently has an average rating of “Sell”.

707 Cayman Company Profile

We are a Hong Kong-based company that sells quality apparel products and provides supply chain management total solutions to our customers spanning from Western Europe, North America to the Middle East. We were founded in 2021 and became wholly-owned by Mr. Cheung, executive director and chief executive officer, in May 2022 and have grown, in a short period of time, building relationships with a diverse range of customers. Our customers include mid-size brand owners and apparel companies that have comprehensive operations with private labels that are sold worldwide.