Jewett-Cameron Trading Company (NASDAQ:JCTC) Short Interest Up 151.6% in August

Jewett-Cameron Trading Company (NASDAQ:JCTC) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 29,736 shares, an increase of 151.6% from the August 15th total of 11,821 shares. Based on an average daily trading volume, of 34,083 shares, the short-interest ratio is presently 0.9 days. Currently, 0.9% of the company’s stock are short sold.

Jewett-Cameron Trading Stock Up 0.1%

Shares of NASDAQ JCTC opened at $2.93 on Friday. Jewett-Cameron Trading has a 12 month low of $1.54 and a 12 month high of $3.82. The company has a market cap of $10.33 million, a P/E ratio of -1.25 and a beta of 0.36. The business’s 50 day moving average is $2.81 and its two-hundred day moving average is $2.24.

Jewett-Cameron Trading (NASDAQ:JCTC) last posted its quarterly earnings data on Tuesday, July 14th. The company reported ($0.23) earnings per share for the quarter. The business had revenue of $9.85 million during the quarter. Jewett-Cameron Trading had a negative net margin of 20.94% and a negative return on equity of 38.35%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Jewett-Cameron Trading from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Jewett-Cameron Trading has an average rating of “Sell”.

Insider Buying and Selling at Jewett-Cameron Trading

In other Jewett-Cameron Trading news, major shareholder Community Foundation Oregon sold 176,006 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $1.85, for a total value of $325,611.10. Following the completion of the sale, the insider owned 562,528 shares of the company’s stock, valued at $1,040,676.80. The trade was a 23.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Melinda Hodges Bradley purchased 17,500 shares of Jewett-Cameron Trading stock in a transaction on Tuesday, June 30th. The stock was bought at an average cost of $2.38 per share, with a total value of $41,650.00. Following the transaction, the insider directly owned 371,007 shares of the company’s stock, valued at approximately $882,996.66. The trade was a 4.95% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have purchased 121,153 shares of company stock worth $322,405 and have sold 201,006 shares worth $388,601. Corporate insiders own 1.33% of the company’s stock.

Institutional Trading of Jewett-Cameron Trading

A number of hedge funds have recently bought and sold shares of JCTC. Citadel Advisors LLC acquired a new stake in Jewett-Cameron Trading in the 3rd quarter worth $77,000. DRW Securities LLC acquired a new position in shares of Jewett-Cameron Trading during the fourth quarter valued at about $44,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Jewett-Cameron Trading in the third quarter valued at about $54,000. 26.05% of the stock is owned by institutional investors.

Jewett-Cameron Trading Company Profile

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.