Short Interest in 707 Cayman Holdings Limited (NASDAQ:JEM) Expands By 109.6%

707 Cayman Holdings Limited (NASDAQ:JEM) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 31,816 shares, a growth of 109.6% from the August 15th total of 15,179 shares. Approximately 4.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,062,199 shares, the short-interest ratio is currently 0.0 days.

707 Cayman Trading Down 1.1%

JEM stock traded down $0.04 during mid-day trading on Monday, hitting $3.97. 20,153 shares of the stock were exchanged, compared to its average volume of 563,510. The business has a fifty day moving average price of $5.64 and a 200 day moving average price of $16.34. 707 Cayman has a 12 month low of $3.40 and a 12 month high of $135.24.

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

Insider Buying and Selling

In other 707 Cayman news, major shareholder Financial Lp Hrt bought 125,911 shares of 707 Cayman stock in a transaction that occurred on Thursday, July 9th. The stock was acquired at an average cost of $1.07 per share, for a total transaction of $134,724.77. Following the completion of the transaction, the insider directly owned 186,419 shares in the company, valued at $199,468.33. This represents a 208.09% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders bought 147,842 shares of company stock worth $456,127 and sold 61,812 shares worth $185,017.

Institutional Investors Weigh In On 707 Cayman

An institutional investor recently bought a new stake in 707 Cayman stock. Geode Capital Management LLC bought a new position in 707 Cayman Holdings Limited (NASDAQ:JEM) during the second quarter, according to the company in 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 0.06% of 707 Cayman as of its most recent SEC filing.

Wall Street Analysts Forecast Growth

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